Looking to diversify beyond BNO? The ETFs below have historically moved differently from BNO, 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 BNO
2219 ETFs have low correlation with BNO (below 0.3), 2146 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Astoria Dynamic Core US Fixed Income ETF | -0.45 | — | — | 50 | Multisector Bonds | BNO vs AGGA | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.45 | -0.19 | — | 55 | Emerging Markets Bonds | BNO vs BEMB | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.45 | -0.18 | -0.06 | 53 | Emerging Markets Bonds | BNO vs EMB | |
| iShares Flexible Income Active ETF | -0.44 | -0.19 | — | 68 | Multisector Bonds | BNO vs BINC | |
| Dimensional Short-Duration Fixed Income ETF | -0.44 | -0.26 | — | 60 | Short-Term Bond | BNO vs DFSD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BNO, 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 Lloyds Banking Group plc (LYG) (Financial Services) with a 1Y correlation of -0.27, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lloyds Banking Group plc | -0.27 | -0.06 | 0.05 | 84 | Financial Services | |
| Kenon Holdings Ltd. | -0.10 | -0.01 | 0.06 | 75 | Utilities | |
| NVIDIA Corporation | -0.07 | 0.01 | 0.06 | 61 | Technology | |
| DHT Holdings, Inc. | -0.05 | 0.14 | 0.19 | 92 | Industrials | |
| Frontline Ltd. | 0.02 | 0.20 | 0.25 | 96 | Industrials |
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