Looking to diversify beyond OBND? The ETFs below have the lowest correlation with OBND — 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 OBND.
Best Diversifiers for OBND
131 ETFs have low correlation with OBND (below 0.3), 42 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.40 | -0.18 | — | 53 | Oil & Gas | OBND vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | -0.12 | -0.02 | 51 | Commodities | OBND vs GSG | |
| ProShares Short Bitcoin ETF | -0.29 | -0.16 | -0.20 | 57 | Cryptocurrency | OBND vs BITI | |
| DoubleLine Commodity Strategy ETF | -0.29 | -0.13 | -0.13 | 51 | Commodities | OBND vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.28 | -0.09 | — | 54 | Commodities | OBND vs DBC |
See all 1127 diversifiers for OBND
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