Looking to diversify beyond BEDZ? The ETFs below have the lowest correlation with BEDZ — 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 BEDZ.
Best Diversifiers for BEDZ
480 ETFs have low correlation with BEDZ (below 0.3), 68 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.30 | -0.10 | 0.05 | 72 | Oil & Gas | BEDZ vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.26 | -0.06 | 0.10 | 51 | Commodities | BEDZ vs PDBC | |
| VanEck Commodity Strategy ETF | -0.23 | -0.06 | — | 69 | Commodities | BEDZ vs PIT | |
| GraniteShares Bloomberg Commodity Broad Strategy N... | -0.21 | -0.02 | 0.12 | 52 | Commodities | BEDZ vs COMB | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.20 | -0.05 | 0.09 | 65 | Commodities | BEDZ vs SDCI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BEDZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BEDZ and solid risk/return profiles. The least correlated is Expedia Group, Inc. (EXPE) (Consumer Cyclical) with a 1Y correlation of 0.67, roughly unchanged from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Expedia Group, Inc. | 0.67 | 0.68 | 0.72 | 73 | Consumer Cyclical | |
| Apple Hospitality REIT, Inc. | 0.72 | 0.71 | 0.73 | 88 | Real Estate |
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