Looking to diversify beyond BAMY? The ETFs below have the lowest correlation with BAMY — 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 BAMY.
Best Diversifiers for BAMY
277 ETFs have low correlation with BAMY (below 0.3), 69 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.45, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | -0.42 | -0.42 | 60 | Inverse Equities | BAMY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.42 | -0.42 | 68 | Inverse Equities, Leveraged Equities | BAMY vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | -0.31 | 57 | Cryptocurrency | BAMY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BAMY vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | BAMY vs WNTR |
See all 2048 diversifiers for BAMY
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