Looking to diversify beyond BDEC? The ETFs below have the lowest correlation with BDEC — 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 BDEC.
Best Diversifiers for BDEC
376 ETFs have low correlation with BDEC (below 0.3), 66 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 | -0.48 | — | — | 60 | Inverse Equities | BDEC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 68 | Inverse Equities, Leveraged Equities | BDEC vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.35 | -0.37 | 57 | Cryptocurrency | BDEC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BDEC vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | BDEC vs WNTR |
See all 2050 diversifiers for BDEC
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Diversification Analysis
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