Looking to diversify beyond BDGS? The ETFs below have historically moved differently from BDGS, 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 BDGS
627 ETFs have low correlation with BDGS (below 0.3), 110 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.50 | — | — | 52 | Inverse Equities | BDGS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.50 | — | — | 61 | Inverse Equities, Leveraged Equities | BDGS vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BDGS vs SBIT | |
| ProShares Short Bitcoin ETF | -0.49 | -0.35 | — | 61 | Cryptocurrency | BDGS vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 75 | Derivative Income | BDGS vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BDGS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.30, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.30 | -0.10 | -0.10 | 56 | Utilities | |
| Altria Group, Inc. | -0.29 | -0.09 | -0.09 | 66 | Consumer Defensive | |
| Chubb Limited | -0.27 | -0.04 | -0.04 | 89 | Financial Services | |
| Exxon Mobil Corporation | -0.27 | -0.01 | — | 84 | Energy | |
| Johnson & Johnson | -0.26 | -0.12 | — | 97 | Healthcare |
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