Looking to diversify beyond BBHL? The ETFs below have the lowest correlation with BBHL — 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 BBHL.
Best Diversifiers for BBHL
228 ETFs have low correlation with BBHL (below 0.3), 54 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.39, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.39 | -0.39 | 53 | Inverse Equities | BBHL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.39 | -0.39 | 60 | Inverse Equities, Leveraged Equities | BBHL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | -0.37 | -0.37 | 65 | Derivative Income | BBHL vs WNTR | |
| United States Gasoline Fund LP | -0.29 | -0.29 | -0.29 | 72 | Oil & Gas | BBHL vs UGA | |
| VanEck Energy Income ETF | -0.27 | -0.27 | -0.27 | 78 | Energy Equities | BBHL vs EINC |
See all 2023 diversifiers for BBHL
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