Looking to diversify beyond OBND? The ETFs below have historically moved differently from OBND, 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 OBND
153 ETFs have low correlation with OBND (below 0.3), 54 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.20 | — | 72 | Oil & Gas | OBND vs DBE | |
| United States Brent Oil Fund LP | -0.42 | -0.19 | — | 52 | Oil & Gas | OBND vs BNO | |
| Invesco DB Oil Fund | -0.40 | -0.19 | — | 58 | Oil & Gas | OBND vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.34 | -0.14 | — | 67 | Commodities | OBND vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.34 | -0.15 | — | 58 | Commodities | OBND vs COMT |
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