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
2003 ETFs have low correlation with BNO (below 0.3), 1936 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.49 | — | — | 52 | Global Bonds | BNO vs AVGB | |
| Avantis Short-Term Fixed Income ETF | -0.43 | -0.22 | -0.13 | 70 | Short-Term Bond | BNO vs AVSF | |
| Astoria Dynamic Core US Fixed Income ETF | -0.43 | — | — | 72 | Multisector Bonds | BNO vs AGGA | |
| Neos Enhanced Income Aggregate Bond ETF | -0.43 | -0.24 | — | 51 | Intermediate Core-Plus Bond | BNO vs BNDI | |
| SPDR Portfolio Intermediate Term Corporate Bond ET... | -0.42 | -0.22 | -0.13 | 52 | Corporate Bonds | BNO vs SPIB |
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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 Lloyds Banking Group plc (LYG) (Financial Services) with a 1Y correlation of -0.26, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lloyds Banking Group plc | -0.26 | -0.05 | 0.06 | 84 | Financial Services | |
| Kenon Holdings Ltd. | -0.10 | -0.01 | 0.07 | 80 | Utilities | |
| NVIDIA Corporation | -0.07 | 0.01 | 0.06 | 70 | Technology | |
| DHT Holdings, Inc. | -0.02 | 0.15 | 0.20 | 91 | Energy | |
| Frontline Ltd. | 0.03 | 0.21 | 0.25 | 95 | Energy |
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Build a portfolio that complements BNO
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