Looking to diversify beyond BEG? The ETFs below have historically moved differently from BEG, 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 BEG
9 ETFs have low correlation with BEG (below 0.3), 5 of which are negatively correlated. The least correlated is ProShares Ultra Health Care (RXL) (Leveraged Equities) with a 1Y correlation of -0.10, roughly unchanged from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Health Care | -0.10 | -0.10 | -0.10 | 51 | Leveraged Equities | BEG vs RXL | |
| Direxion Daily Healthcare Bull 3x Shares | -0.10 | -0.10 | -0.10 | 51 | Leveraged Equities, Health & Biotech Equities | BEG vs CURE | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.07 | -0.07 | -0.07 | 53 | Leveraged Equities | BEG vs NRGU | |
| Direxion Daily XOM Bull 2X Shares | -0.05 | -0.05 | -0.05 | 51 | Leveraged Equities | BEG vs XOMX | |
| ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | -0.05 | -0.05 | -0.05 | 92 | Leveraged Equities, Dividend | BEG vs SCDL |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BEG
Add BEG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BEG