Looking to diversify beyond BBHM? The ETFs below have the lowest correlation with BBHM — 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 BBHM.
Best Diversifiers for BBHM
210 ETFs have low correlation with BBHM (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.30 | -0.30 | -0.30 | 51 | Currency | BBHM vs UUP | |
| Invesco DB Energy Fund | -0.30 | -0.30 | -0.30 | 53 | Oil & Gas | BBHM vs DBE | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | -0.28 | -0.28 | 60 | Inverse Equities | BBHM vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BBHM vs SBIT | |
| ProShares Short Bitcoin ETF | -0.27 | -0.27 | -0.27 | 57 | Cryptocurrency | BBHM vs BITI |
See all 2009 diversifiers for BBHM
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