Looking to diversify beyond DBO? The ETFs below have historically moved differently from DBO, 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 DBO
2099 ETFs have low correlation with DBO (below 0.3), 2027 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Astoria Dynamic Core US Fixed Income ETF | -0.45 | — | — | 51 | Multisector Bonds | DBO vs AGGA | |
| Global X Short-Term Treasury Ladder ETF | -0.44 | — | — | 79 | Government Bonds, Short-Term Bond | DBO vs SLDR | |
| Avantis Short-Term Fixed Income ETF | -0.44 | -0.23 | -0.13 | 57 | Short-Term Bond | DBO vs AVSF | |
| WisdomTree Yield Enhanced U.S. Short-Term Aggregat... | -0.44 | -0.23 | -0.14 | 59 | Short-Term Bond | DBO vs SHAG | |
| iShares Flexible Income Active ETF | -0.44 | -0.18 | — | 63 | Multisector Bonds | DBO vs BINC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBO, 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 American Airlines Group Inc. (AAL) (Industrials) with a 1Y correlation of -0.49, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Airlines Group Inc. | -0.49 | -0.26 | -0.11 | 70 | Industrials | |
| NVIDIA Corporation | -0.04 | 0.02 | 0.06 | 59 | Technology | |
| Texas Pacific Land Corporation | 0.27 | 0.33 | 0.43 | 60 | Energy | |
| Marathon Petroleum Corporation | 0.45 | 0.39 | 0.46 | 94 | Energy | |
| BP p.l.c. | 0.65 | 0.61 | 0.62 | 77 | Energy |
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