Looking to diversify beyond BEDY? The ETFs below have historically moved differently from BEDY, 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 BEDY
369 ETFs have low correlation with BEDY (below 0.3), 68 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.31 | -0.31 | -0.31 | 56 | Options Trading | BEDY vs CAOS | |
| Invesco DB Energy Fund | -0.29 | -0.29 | -0.29 | 72 | Oil & Gas | BEDY vs DBE | |
| United States Oil Fund LP | -0.27 | -0.27 | -0.27 | 55 | Oil & Gas | BEDY vs USO | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | -0.25 | -0.25 | 61 | Inverse Equities, Leveraged Equities | BEDY vs MSTZ | |
| ProShares UltraShort Yen | -0.24 | -0.24 | -0.24 | 56 | Leveraged Currency | BEDY vs YCS |
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