Looking to diversify beyond BBAX? The ETFs below have historically moved differently from BBAX, 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 BBAX
334 ETFs have low correlation with BBAX (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.32 | — | 61 | Cryptocurrency | BBAX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BBAX vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.34 | -0.34 | 52 | Inverse Equities | BBAX vs SMST | |
| ProShares UltraShort Yen | -0.37 | -0.28 | -0.23 | 56 | Leveraged Currency | BBAX vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | BBAX vs MSTZ |
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