Looking to diversify beyond BEDY? The ETFs below have the lowest correlation with BEDY — 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 BEDY.
Best Diversifiers for BEDY
323 ETFs have low correlation with BEDY (below 0.3), 66 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.23 | -0.23 | -0.23 | 69 | Oil & Gas | BEDY vs UGA | |
| United States Brent Oil Fund LP | -0.23 | -0.23 | -0.23 | 65 | Oil & Gas | BEDY vs BNO | |
| Invesco DB Oil Fund | -0.22 | -0.22 | -0.22 | 65 | Oil & Gas | BEDY vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.21 | -0.21 | -0.21 | 54 | Leveraged Commodities | BEDY vs UCO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.21 | -0.21 | -0.21 | 55 | Oil & Gas | BEDY vs OILK |
See all 2078 diversifiers for BEDY
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