Looking to diversify beyond BAMD? The ETFs below have the lowest correlation with BAMD — 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 BAMD.
Best Diversifiers for BAMD
951 ETFs have low correlation with BAMD (below 0.3), 60 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.48 | -0.48 | -0.48 | 99 | Leveraged Equities, Semiconductors | BAMD vs MUU | |
| ProShares UltraShort Yen | -0.26 | — | — | 72 | Leveraged Currency | BAMD vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.25 | -0.23 | -0.23 | 51 | Currency | BAMD vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.21 | -0.18 | -0.18 | 68 | Inverse Equities, Leveraged Equities | BAMD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.21 | — | — | 60 | Inverse Equities | BAMD vs SMST |
See all 2049 diversifiers for BAMD
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