Looking to diversify beyond EBND? The ETFs below have historically moved differently from EBND, 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 EBND
285 ETFs have low correlation with EBND (below 0.3), 97 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, roughly unchanged from -0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.49 | -0.48 | 56 | Leveraged Currency | EBND vs YCS | |
| United States Oil Fund LP | -0.46 | -0.16 | -0.02 | 55 | Oil & Gas | EBND vs USO | |
| United States Brent Oil Fund LP | -0.46 | -0.16 | -0.02 | 52 | Oil & Gas | EBND vs BNO | |
| Invesco DB Energy Fund | -0.45 | -0.15 | -0.01 | 72 | Oil & Gas | EBND vs DBE | |
| Invesco DB Oil Fund | -0.42 | -0.14 | -0.00 | 58 | Oil & Gas | EBND vs DBO |
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