Looking to diversify beyond BNDX? The ETFs below have the lowest correlation with BNDX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BNDX.
Best Diversifiers for BNDX
824 ETFs have low correlation with BNDX (below 0.3), 91 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.49, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.49 | -0.28 | -0.20 | 71 | Oil & Gas | BNDX vs DBE | |
| Invesco DB Oil Fund | -0.47 | -0.25 | -0.20 | 65 | Oil & Gas | BNDX vs DBO | |
| United States Brent Oil Fund LP | -0.47 | -0.25 | -0.20 | 65 | Oil & Gas | BNDX vs BNO | |
| United States Oil Fund LP | -0.46 | -0.25 | -0.20 | 66 | Oil & Gas | BNDX vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.46 | -0.25 | -0.20 | 55 | Oil & Gas | BNDX vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BNDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BNDX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.29, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.29 | -0.18 | -0.15 | 76 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.13 | -0.13 | 85 | Energy | |
| Permian Resources Corporation | -0.23 | -0.10 | — | 81 | Energy | |
| BP p.l.c. | -0.22 | -0.11 | -0.13 | 87 | Energy | |
| Chevron Corporation | -0.20 | -0.10 | -0.12 | 83 | Energy |
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