Looking to diversify beyond MBND? The ETFs below have historically moved differently from MBND, 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 MBND
1086 ETFs have low correlation with MBND (below 0.3), 73 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.14 | -0.09 | 72 | Oil & Gas | MBND vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.11 | -0.06 | 67 | Commodities | MBND vs GSG | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.28 | -0.10 | -0.07 | 67 | Energy Equities | MBND vs IEO | |
| DoubleLine Commodity Strategy ETF | -0.28 | — | — | 63 | Commodities | MBND vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.28 | -0.11 | -0.05 | 71 | Commodities | MBND vs DBC |
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