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
275 ETFs have low correlation with BEDY (below 0.3), 47 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.29 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BEDY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.28 | -0.28 | -0.28 | 57 | Cryptocurrency | BEDY vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.28 | -0.28 | 68 | Inverse Equities, Leveraged Equities | BEDY vs MSTZ | |
| ProShares UltraShort Yen | -0.27 | -0.27 | -0.27 | 72 | Leveraged Currency | BEDY vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | -0.25 | -0.25 | 70 | Derivative Income | BEDY vs WNTR |
See all 1980 diversifiers for BEDY
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