Looking to diversify beyond SBND? The ETFs below have historically moved differently from SBND, 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 SBND
283 ETFs have low correlation with SBND (below 0.3), 53 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.15 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.31 | -0.15 | — | 52 | Oil & Gas | SBND vs BNO | |
| Invesco DB Oil Fund | -0.29 | -0.14 | — | 58 | Oil & Gas | SBND vs DBO | |
| Invesco DB Energy Fund | -0.28 | -0.14 | — | 72 | Oil & Gas | SBND vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.09 | — | 67 | Commodities | SBND vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.25 | — | — | 63 | Commodities | SBND vs DCMT |
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