Looking to diversify beyond BEG? The ETFs below have the lowest correlation with BEG — 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 BEG.
Best Diversifiers for BEG
1 ETFs have low correlation with BEG (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily AAPL Bull 2X Shares (AAPU) (Leveraged Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily AAPL Bull 2X Shares | 0.18 | 0.18 | 0.18 | 56 | Leveraged Equities | BEG vs AAPU | |
| ETRACS 2x Leveraged US Size Factor TR ETN | 0.46 | 0.46 | 0.46 | 69 | Leveraged Equities | BEG vs IWML |
Diversification Analysis
Build a portfolio that complements BEG
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