Looking to diversify beyond TBF? The ETFs below have historically moved differently from TBF, 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 TBF
1702 ETFs have low correlation with TBF (below 0.3), 1602 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Astoria Dynamic Core US Fixed Income ETF | -0.81 | — | — | 58 | Multisector Bonds | TBF vs AGGA | |
| Hartford Strategic Income ETF | -0.80 | -0.81 | — | 59 | Multisector Bonds | TBF vs HFSI | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.74 | -0.79 | — | 67 | Multisector Bonds | TBF vs PYLD | |
| Capital Group U.S. Multi-Sector Income ETF | -0.73 | -0.72 | — | 54 | Multisector Bonds | TBF vs CGMS | |
| iShares Core 1-5 Year USD Bond ETF | -0.72 | -0.76 | -0.72 | 79 | Short-Term Bond | TBF vs ISTB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TBF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is New Oriental Education & Technology Group Inc. (EDU) (Consumer Defensive) with a 1Y correlation of 0.06, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| New Oriental Education & Technology Group Inc. | 0.06 | 0.02 | 0.01 | 72 | Consumer Defensive |
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