Looking to diversify beyond BCPL? The ETFs below have the lowest correlation with BCPL — 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 BCPL.
Best Diversifiers for BCPL
288 ETFs have low correlation with BCPL (below 0.3), 70 of which are negatively correlated. The least correlated is Direxion Daily Energy Bull 2X Shares (ERX) (Leveraged Equities) with a 1Y correlation of -0.40, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Energy Bull 2X Shares | -0.40 | -0.40 | -0.40 | 54 | Leveraged Equities | BCPL vs ERX | |
| Fidelity MSCI Energy Index ETF | -0.39 | -0.39 | -0.39 | 60 | Energy Equities | BCPL vs FENY | |
| iShares U.S. Energy ETF | -0.39 | -0.39 | -0.39 | 60 | Energy Equities | BCPL vs IYE | |
| Invesco DWA Energy Momentum ETF | -0.37 | -0.37 | -0.37 | 61 | Momentum, Energy Equities | BCPL vs PXI | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.37 | -0.37 | -0.37 | 67 | Commodities | BCPL vs CMDT |
See all 2030 diversifiers for BCPL
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