Looking to diversify beyond BEDZ? The ETFs below have historically moved differently from BEDZ, 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 BEDZ
541 ETFs have low correlation with BEDZ (below 0.3), 108 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.15 | 0.04 | 72 | Oil & Gas | BEDZ vs DBE | |
| United States Oil Fund LP | -0.33 | -0.13 | 0.04 | 55 | Oil & Gas | BEDZ vs USO | |
| United States Brent Oil Fund LP | -0.32 | -0.13 | 0.03 | 52 | Oil & Gas | BEDZ vs BNO | |
| Invesco DB Oil Fund | -0.31 | -0.12 | 0.04 | 58 | Oil & Gas | BEDZ vs DBO | |
| Alpha Architect Tail Risk ETF | -0.30 | -0.09 | — | 56 | Options Trading | BEDZ vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BEDZ, 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 Expedia Group, Inc. (EXPE) (Consumer Cyclical) with a 1Y correlation of 0.68, roughly unchanged from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Expedia Group, Inc. | 0.68 | 0.69 | 0.72 | 79 | Consumer Cyclical | |
| Apple Hospitality REIT, Inc. | 0.72 | 0.71 | 0.72 | 92 | Real Estate |
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