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
133 ETFs have low correlation with OBDC (below 0.3), 12 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.13 | 0.05 | 0.13 | 66 | Oil & Gas | OBDC vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.12 | 0.06 | 0.14 | 54 | Leveraged Commodities | OBDC vs UCO | |
| Alpha Architect 1-3 Month Box ETF | -0.10 | -0.01 | — | 100 | Ultrashort Bond | OBDC vs BOXX | |
| Invesco DB Commodity Index Tracking Fund | -0.07 | 0.09 | 0.18 | 75 | Commodities | OBDC vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.06 | 0.10 | 0.16 | 74 | Commodities | OBDC vs PDBC |
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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 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.11 | 0.07 | 0.16 | 79 | Consumer Defensive | |
| Altria Group, Inc. | -0.06 | 0.08 | 0.16 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.05 | 0.06 | 0.13 | 53 | Utilities | |
| Walmart Inc. | -0.04 | 0.04 | 0.12 | 63 | Consumer Defensive | |
| The Coca-Cola Company | -0.03 | 0.06 | 0.17 | 66 | Consumer Defensive |
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