Looking to diversify beyond DBND? The ETFs below have the lowest correlation with DBND — 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 DBND.
Best Diversifiers for DBND
873 ETFs have low correlation with DBND (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.46 | — | 75 | Leveraged Currency | DBND vs YCS | |
| United States Gasoline Fund LP | -0.43 | -0.22 | -0.16 | 72 | Oil & Gas | DBND vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.34 | -0.17 | — | 51 | Commodities | DBND vs PDBC | |
| Fidelity Managed Futures ETF | -0.33 | — | — | 66 | Systematic Trend | DBND vs FFUT | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.30 | -0.13 | -0.08 | 65 | Commodities | DBND vs SDCI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DBND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DBND and solid risk/return profiles. The least correlated is Dynex Capital, Inc. (DX) (Real Estate) with a 1Y correlation of 0.46, roughly unchanged from 0.40 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dynex Capital, Inc. | 0.46 | 0.40 | — | 73 | Real Estate |
Build a portfolio that complements DBND
Add DBND to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DBND