Looking to balance out your exposure to OBDC? The ETFs below have the lowest correlation with OBDC — they tend to move on their own, which can help reduce risk when OBDC drops. The stock ideas table highlights individual companies that behave independently from OBDC.
Best Diversifiers for OBDC
105 ETFs have low correlation with OBDC (below 0.3), 7 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | OBDC vs BIL | |
| Alpha Architect 1-3 Month Box ETF | -0.05 | -0.01 | — | 100 | Ultrashort Bond | OBDC vs BOXX | |
| WisdomTree Floating Rate Treasury Fund | -0.05 | 0.01 | -0.04 | 100 | Government Bonds, Ultrashort Bond | OBDC vs USFR | |
| iShares Treasury Floating Rate Bond ETF | -0.03 | -0.02 | -0.04 | 100 | Government Bonds, Ultrashort Bond | OBDC vs TFLO | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.02 | — | — | 100 | Ultrashort Bond | OBDC vs VBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OBDC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OBDC and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.10 | 0.07 | 0.17 | 86 | Consumer Defensive | |
| The Coca-Cola Company | -0.08 | 0.05 | 0.16 | 74 | Consumer Defensive | |
| Altria Group, Inc. | -0.07 | 0.07 | 0.15 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.06 | 0.06 | 0.12 | 64 | Utilities | |
| The Southern Company | -0.05 | 0.04 | 0.13 | 57 | Utilities |
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