Looking to diversify beyond FBND? The ETFs below have the lowest correlation with FBND — 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 FBND.
Best Diversifiers for FBND
1312 ETFs have low correlation with FBND (below 0.3), 96 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 -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.47 | -0.50 | 61 | Leveraged Currency | FBND vs YCS | |
| Invesco DB Energy Fund | -0.44 | -0.21 | -0.14 | 71 | Oil & Gas | FBND vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.20 | -0.14 | 65 | Oil & Gas | FBND vs DBO | |
| United States Gasoline Fund LP | -0.42 | -0.19 | -0.12 | 69 | Oil & Gas | FBND vs UGA | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.41 | -0.20 | -0.14 | 55 | Oil & Gas | FBND vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBND and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.24, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.24 | -0.09 | -0.08 | 76 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.07 | -0.07 | 85 | Energy | |
| Chevron Corporation | -0.21 | -0.05 | -0.06 | 83 | Energy | |
| Marathon Petroleum Corporation | -0.17 | -0.03 | -0.04 | 86 | Energy | |
| BP p.l.c. | -0.17 | -0.05 | -0.08 | 87 | Energy |
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