Looking to diversify beyond BDGS? The ETFs below have the lowest correlation with BDGS — 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 BDGS.
Best Diversifiers for BDGS
513 ETFs have low correlation with BDGS (below 0.3), 78 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.51, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.51 | -0.47 | -0.47 | 60 | Inverse Equities | BDGS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.50 | -0.46 | -0.46 | 68 | Inverse Equities, Leveraged Equities | BDGS vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.48 | -0.35 | -0.33 | 57 | Cryptocurrency | BDGS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BDGS vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | — | — | 70 | Derivative Income | BDGS vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BDGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDGS and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.29, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.29 | -0.09 | -0.09 | 66 | Utilities | |
| Altria Group, Inc. | -0.28 | -0.08 | -0.08 | 81 | Consumer Defensive | |
| Waste Management, Inc. | -0.26 | 0.01 | 0.01 | 53 | Industrials | |
| Chubb Limited | -0.26 | -0.03 | -0.02 | 86 | Financial Services | |
| Exxon Mobil Corporation | -0.25 | 0.01 | 0.00 | 75 | Energy |
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