Looking to diversify beyond BETZ? The ETFs below have the lowest correlation with BETZ — 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 BETZ.
Best Diversifiers for BETZ
556 ETFs have low correlation with BETZ (below 0.3), 86 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.08 | 71 | Oil & Gas | BETZ vs DBE | |
| United States Brent Oil Fund LP | -0.22 | -0.04 | 0.08 | 65 | Oil & Gas | BETZ vs BNO | |
| ProShares UltraShort Yen | -0.22 | -0.13 | -0.08 | 63 | Leveraged Currency | BETZ vs YCS | |
| United States Oil Fund LP | -0.22 | -0.04 | 0.08 | 66 | Oil & Gas | BETZ vs USO | |
| United States 12 Month Oil Fund LP | -0.21 | -0.01 | 0.09 | 56 | Oil & Gas | BETZ vs USL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BETZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BETZ and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of 0.33, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 0.33 | 0.40 | 0.45 | 95 | Technology | |
| MGM Resorts International | 0.52 | 0.59 | 0.67 | 77 | Consumer Cyclical | |
| Super Group (SGHC) Limited | 0.54 | 0.51 | — | 69 | Consumer Cyclical |
Build a portfolio that complements BETZ
Add BETZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BETZ