Looking to diversify beyond BBP? The ETFs below have the lowest correlation with BBP — 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 BBP.
Best Diversifiers for BBP
533 ETFs have low correlation with BBP (below 0.3), 70 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.33 | -0.33 | -0.33 | 99 | Leveraged Equities, Semiconductors | BBP vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | -0.30 | -0.30 | 60 | Inverse Equities, Leveraged Equities | BBP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.31 | -0.31 | 53 | Inverse Equities | BBP vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 65 | Derivative Income | BBP vs WNTR | |
| ProShares UltraShort Yen | -0.26 | -0.11 | -0.08 | 75 | Leveraged Currency | BBP vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBP and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.20, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.20 | 0.23 | 0.26 | 92 | Real Estate | |
| Penguin Solutions, Inc | 0.25 | 0.32 | 0.38 | 94 | Technology | |
| 10x Genomics, Inc. | 0.36 | 0.45 | 0.52 | 96 | Healthcare |
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