Looking to diversify beyond BBYY? The ETFs below have the lowest correlation with BBYY — 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 BBYY.
Best Diversifiers for BBYY
928 ETFs have low correlation with BBYY (below 0.3), 79 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.32, roughly unchanged from -0.32 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | -0.32 | — | 70 | Derivative Income | BBYY vs WNTR | |
| ProShares Short Bitcoin ETF | -0.31 | -0.31 | -0.31 | 57 | Cryptocurrency | BBYY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BBYY vs SBIT | |
| Direxion Daily MU Bull 2X Shares | -0.30 | -0.30 | -0.30 | 99 | Leveraged Equities, Semiconductors | BBYY vs MUU | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | -0.30 | — | 60 | Inverse Equities | BBYY vs SMST |
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