Looking to diversify beyond BNO? The ETFs below have the lowest correlation with BNO — 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 BNO.
Best Diversifiers for BNO
1915 ETFs have low correlation with BNO (below 0.3), 1846 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.48 | — | — | 57 | Global Bonds | BNO vs AVGB | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.43 | -0.14 | -0.06 | 63 | Emerging Markets Bonds | BNO vs EMB | |
| Astoria Dynamic Core US Fixed Income ETF | -0.43 | — | — | 71 | Multisector Bonds | BNO vs AGGA | |
| Vanguard Emerging Markets Government Bond ETF | -0.43 | -0.15 | -0.06 | 61 | Emerging Markets Bonds | BNO vs VWOB | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.42 | -0.23 | -0.11 | 55 | Nontraditional Bonds | BNO vs UCON |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BNO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BNO and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.11, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.11 | -0.00 | 0.05 | 70 | Technology | |
| Kenon Holdings Ltd. | -0.11 | -0.01 | 0.07 | 85 | Utilities | |
| DHT Holdings, Inc. | -0.03 | 0.16 | 0.20 | 93 | Energy | |
| Frontline Ltd. | 0.02 | 0.22 | 0.25 | 96 | Energy | |
| Warrior Met Coal, Inc. | 0.07 | 0.12 | 0.20 | 87 | Basic Materials |
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