Looking to diversify beyond DBND? The ETFs below have historically moved differently from DBND, 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 DBND
800 ETFs have low correlation with DBND (below 0.3), 111 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.26 | — | 72 | Oil & Gas | DBND vs DBE | |
| Invesco DB Oil Fund | -0.44 | -0.24 | — | 58 | Oil & Gas | DBND vs DBO | |
| United States Brent Oil Fund LP | -0.44 | -0.24 | — | 52 | Oil & Gas | DBND vs BNO | |
| United States Oil Fund LP | -0.43 | -0.25 | — | 55 | Oil & Gas | DBND vs USO | |
| ProShares UltraShort Yen | -0.43 | -0.47 | — | 56 | Leveraged Currency | DBND vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBND, 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 Dynex Capital, Inc. (DX) (Real Estate) with a 1Y correlation of 0.48, roughly unchanged from 0.40 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dynex Capital, Inc. | 0.48 | 0.40 | — | 73 | Real Estate |
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