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
110 ETFs have low correlation with OBDC (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.08, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.08 | 0.06 | 0.16 | 57 | Commodities | OBDC vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.08 | 0.07 | 0.17 | 56 | Commodities | OBDC vs DBC | |
| Alpha Architect 1-3 Month Box ETF | -0.06 | -0.01 | — | 100 | Ultrashort Bond | OBDC vs BOXX | |
| WisdomTree Floating Rate Treasury Fund | -0.05 | -0.00 | -0.04 | 100 | Government Bonds, Ultrashort Bond | OBDC vs USFR | |
| Vanguard Ultra-Short Treasury ETF | -0.05 | — | — | 100 | Ultrashort Bond, Government Bonds | OBDC vs VGUS |
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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 -0.11, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.11 | 0.08 | 0.17 | 94 | Consumer Defensive | |
| McKesson Corporation | -0.09 | -0.02 | 0.08 | 62 | Healthcare | |
| The Coca-Cola Company | -0.08 | 0.05 | 0.16 | 84 | Consumer Defensive | |
| Duke Energy Corporation | -0.08 | 0.05 | 0.12 | 64 | Utilities | |
| Altria Group, Inc. | -0.06 | 0.05 | 0.15 | 80 | Consumer Defensive |
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