Looking to diversify beyond BCHP? The ETFs below have the lowest correlation with BCHP — 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 BCHP.
Best Diversifiers for BCHP
436 ETFs have low correlation with BCHP (below 0.3), 71 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 53 | Inverse Equities | BCHP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 60 | Inverse Equities, Leveraged Equities | BCHP vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 65 | Derivative Income | BCHP vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.27 | — | — | 60 | Inverse Equities | BCHP vs NFXS | |
| Tortoise North American Pipeline Fund | -0.20 | 0.13 | 0.13 | 77 | Energy Equities | BCHP vs TPYP |
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