Looking to diversify beyond FBND? The ETFs below have historically moved differently from FBND, 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 FBND
826 ETFs have low correlation with FBND (below 0.3), 110 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.48 | -0.49 | 59 | Leveraged Currency | FBND vs YCS | |
| Invesco DB Oil Fund | -0.44 | -0.22 | -0.14 | 51 | Oil & Gas | FBND vs DBO | |
| Invesco DB Energy Fund | -0.43 | -0.23 | -0.14 | 66 | Oil & Gas | FBND vs DBE | |
| United States Gasoline Fund, LP | -0.43 | -0.23 | -0.13 | 83 | Oil & Gas | FBND vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.40 | -0.19 | -0.10 | 61 | Commodities | FBND vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FBND, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.36, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.36 | -0.15 | -0.09 | 73 | Energy | |
| Devon Energy Corporation | -0.31 | -0.12 | -0.06 | 78 | Energy | |
| Chevron Corporation | -0.30 | -0.11 | -0.07 | 79 | Energy | |
| Exxon Mobil Corporation | -0.29 | -0.10 | -0.07 | 85 | Energy | |
| BP p.l.c. | -0.29 | -0.11 | -0.08 | 83 | Energy |
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