Looking to diversify beyond DBC? The ETFs below have historically moved differently from DBC, 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 DBC
2198 ETFs have low correlation with DBC (below 0.3), 2035 of which are negatively correlated. The least correlated is WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) (Short-Term Bond) with a 1Y correlation of -0.38, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Yield Enhanced U.S. Short-Term Aggregat... | -0.38 | -0.17 | -0.08 | 59 | Short-Term Bond | DBC vs SHAG | |
| Astoria Dynamic Core US Fixed Income ETF | -0.38 | — | — | 50 | Multisector Bonds | DBC vs AGGA | |
| Avantis Short-Term Fixed Income ETF | -0.38 | -0.17 | -0.07 | 58 | Short-Term Bond | DBC vs AVSF | |
| Global X Short-Term Treasury Ladder ETF | -0.38 | — | — | 81 | Government Bonds, Short-Term Bond | DBC vs SLDR | |
| iShares Core 1-5 Year USD Bond ETF | -0.37 | -0.16 | -0.06 | 68 | Short-Term Bond | DBC vs ISTB |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBC, 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 Southwest Airlines Co. (LUV) (Industrials) with a 1Y correlation of -0.43, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Southwest Airlines Co. | -0.43 | -0.20 | -0.04 | 79 | Industrials | |
| The TJX Companies, Inc. | -0.26 | -0.12 | 0.00 | 81 | Consumer Cyclical | |
| Gildan Activewear Inc. | -0.25 | -0.05 | 0.09 | 51 | Consumer Cyclical | |
| Colgate-Palmolive Company | -0.22 | -0.15 | -0.07 | 57 | Consumer Defensive | |
| Monster Beverage Corporation | -0.22 | -0.11 | -0.03 | 92 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DBC
Add DBC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DBC