Looking to diversify beyond BBHY? The ETFs below have historically moved differently from BBHY, 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 BBHY
238 ETFs have low correlation with BBHY (below 0.3), 99 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | BBHY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 52 | Inverse Equities | BBHY vs SMST | |
| ProShares Short Bitcoin ETF | -0.41 | -0.32 | — | 61 | Cryptocurrency | BBHY vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | -0.42 | -0.42 | 75 | Derivative Income | BBHY vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BBHY vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBHY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.14, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.14 | 0.06 | 0.18 | 94 | Energy | |
| Valero Energy Corporation | -0.09 | 0.09 | 0.15 | 98 | Energy | |
| Marathon Petroleum Corporation | -0.04 | 0.13 | 0.20 | 95 | Energy | |
| Cardinal Health, Inc. | 0.07 | 0.12 | 0.20 | 86 | Healthcare | |
| Dell Technologies Inc. | 0.28 | 0.26 | 0.35 | 96 | Technology |
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