Looking to diversify beyond BCHP? The ETFs below have historically moved differently from BCHP, 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 BCHP
413 ETFs have low correlation with BCHP (below 0.3), 89 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 63 | Derivative Income | BCHP vs WNTR | |
| Invesco DB Energy Fund | -0.30 | -0.12 | -0.12 | 53 | Oil & Gas | BCHP vs DBE | |
| Strive U.S. Energy ETF | -0.27 | 0.01 | 0.01 | 61 | Energy Equities | BCHP vs DRLL | |
| Tortoise North American Pipeline Fund | -0.26 | 0.11 | 0.11 | 63 | Energy Equities | BCHP vs TPYP | |
| Direxion Daily Energy Bull 2X Shares | -0.26 | 0.01 | 0.02 | 64 | Energy Equities, Leveraged Equities | BCHP vs ERX |
See all 2167 diversifiers for BCHP
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