Looking to diversify beyond DBO? The ETFs below have the lowest correlation with DBO — 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 DBO.
Best Diversifiers for DBO
2003 ETFs have low correlation with DBO (below 0.3), 1922 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.48 | — | — | 52 | Global Bonds | DBO vs AVGB | |
| Avantis Short-Term Fixed Income ETF | -0.44 | -0.23 | -0.13 | 70 | Short-Term Bond | DBO vs AVSF | |
| Neos Enhanced Income Aggregate Bond ETF | -0.43 | -0.23 | — | 51 | Intermediate Core-Plus Bond | DBO vs BNDI | |
| Astoria Dynamic Core US Fixed Income ETF | -0.43 | — | — | 72 | Multisector Bonds | DBO vs AGGA | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.42 | -0.23 | -0.10 | 54 | Nontraditional Bonds | DBO vs UCON |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DBO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DBO and solid risk/return profiles. The least correlated is American Airlines Group Inc. (AAL) (Industrials) with a 1Y correlation of -0.43, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Airlines Group Inc. | -0.43 | -0.23 | -0.09 | 62 | Industrials | |
| NVIDIA Corporation | -0.03 | 0.03 | 0.06 | 70 | Technology | |
| Texas Pacific Land Corporation | 0.27 | 0.33 | 0.43 | 60 | Energy | |
| Marathon Petroleum Corporation | 0.45 | 0.39 | 0.47 | 92 | Energy | |
| BP p.l.c. | 0.62 | 0.60 | 0.61 | 78 | Energy |
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