Looking to diversify beyond BAGY? The ETFs below have historically moved differently from BAGY, 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 BAGY
734 ETFs have low correlation with BAGY (below 0.3), 54 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.98 | — | — | 61 | Cryptocurrency | BAGY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.98 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BAGY vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.84 | — | — | 61 | Inverse Equities, Leveraged Equities | BAGY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.84 | — | — | 52 | Inverse Equities | BAGY vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.79 | — | — | 75 | Derivative Income | BAGY vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BAGY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.49 | — | — | 57 | Technology |
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