Looking to diversify beyond BYLD? The ETFs below have historically moved differently from BYLD, 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 BYLD
379 ETFs have low correlation with BYLD (below 0.3), 109 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.46, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.46 | -0.20 | -0.09 | 52 | Oil & Gas | BYLD vs BNO | |
| Invesco DB Energy Fund | -0.45 | -0.20 | -0.09 | 72 | Oil & Gas | BYLD vs DBE | |
| United States Oil Fund LP | -0.45 | -0.20 | -0.09 | 55 | Oil & Gas | BYLD vs USO | |
| Invesco DB Oil Fund | -0.43 | -0.18 | -0.08 | 58 | Oil & Gas | BYLD vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.43 | -0.15 | -0.05 | 67 | Commodities | BYLD vs GSG |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BYLD
Add BYLD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BYLD