Looking to diversify beyond BDCX? The ETFs below have the lowest correlation with BDCX — 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 BDCX.
Best Diversifiers for BDCX
799 ETFs have low correlation with BDCX (below 0.3), 71 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.36 | -0.36 | -0.36 | 99 | Leveraged Equities, Semiconductors | BDCX vs MUU | |
| ProShares Short Bitcoin ETF | -0.32 | -0.22 | -0.26 | 57 | Cryptocurrency | BDCX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.25 | -0.25 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BDCX vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 70 | Derivative Income | BDCX vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | -0.29 | -0.29 | 68 | Inverse Equities, Leveraged Equities | BDCX vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BDCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDCX and solid risk/return profiles. The least correlated is Capital Southwest Corporation (CSWC) (Financial Services) with a 1Y correlation of 0.77, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Capital Southwest Corporation | 0.77 | 0.73 | 0.73 | 66 | Financial Services |
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