Looking to diversify beyond BNDX? The ETFs below have historically moved differently from BNDX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BNDX
593 ETFs have low correlation with BNDX (below 0.3), 112 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.55, down from -0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.55 | -0.31 | -0.21 | 66 | Oil & Gas | BNDX vs DBE | |
| Invesco DB Oil Fund | -0.52 | -0.29 | -0.21 | 51 | Oil & Gas | BNDX vs DBO | |
| United States Gasoline Fund, LP | -0.49 | -0.26 | -0.17 | 83 | Oil & Gas | BNDX vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.47 | -0.25 | -0.17 | 61 | Commodities | BNDX vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.47 | -0.26 | -0.18 | 56 | Commodities | BNDX vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BNDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.38, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.38 | -0.22 | -0.16 | 73 | Energy | |
| Chevron Corporation | -0.33 | -0.16 | -0.13 | 79 | Energy | |
| BP p.l.c. | -0.32 | -0.17 | -0.15 | 83 | Energy | |
| Occidental Petroleum Corporation | -0.32 | -0.17 | -0.13 | 68 | Energy | |
| Permian Resources Corporation | -0.31 | -0.14 | — | 85 | Energy |
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