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
4 ETFs have low correlation with BEG (below 0.3), 0 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of 0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.01 | 0.01 | 0.01 | 58 | Leveraged Equities | BEG vs NRGU | |
| Direxion Daily AAPL Bull 2X Shares | 0.12 | 0.12 | — | 63 | Leveraged Equities | BEG vs AAPU | |
| Direxion Daily GOOGL Bull 2X Shares | 0.18 | 0.18 | 0.18 | 94 | Leveraged Equities | BEG vs GGLL | |
| Direxion Daily S&P Biotech Bull 3x Shares | 0.28 | 0.28 | 0.28 | 75 | Leveraged Equities | BEG vs LABU | |
| Direxion Daily AI and Big Data Bull 2X Shares | 0.37 | 0.37 | 0.37 | 53 | Leveraged Equities | BEG vs AIBU |
See all 19 diversifiers for BEG
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Diversification Analysis
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