Looking to diversify beyond BOND? The ETFs below have historically moved differently from BOND, 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 BOND
743 ETFs have low correlation with BOND (below 0.3), 113 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.46, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.46 | -0.25 | -0.13 | 72 | Oil & Gas | BOND vs DBE | |
| Invesco DB Oil Fund | -0.45 | -0.23 | -0.12 | 58 | Oil & Gas | BOND vs DBO | |
| United States Brent Oil Fund LP | -0.44 | -0.24 | -0.13 | 52 | Oil & Gas | BOND vs BNO | |
| ProShares UltraShort Yen | -0.43 | -0.47 | -0.50 | 56 | Leveraged Currency | BOND vs YCS | |
| United States Gasoline Fund LP | -0.43 | -0.23 | -0.11 | 87 | Oil & Gas | BOND vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BOND, 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 -0.37, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.37 | -0.15 | -0.09 | 72 | Energy | |
| Devon Energy Corporation | -0.31 | -0.11 | -0.06 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.31 | -0.11 | -0.08 | 70 | Energy | |
| Exxon Mobil Corporation | -0.31 | -0.09 | -0.06 | 84 | Energy | |
| Chevron Corporation | -0.29 | -0.08 | -0.07 | 80 | Energy |
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