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
494 ETFs have low correlation with BETZ (below 0.3), 54 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.13 | -0.08 | 61 | Leveraged Currency | BETZ vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BETZ vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.16 | -0.11 | -0.05 | 100 | Government Bonds, Ultrashort Bond | BETZ vs BIL | |
| Texas Capital Government Money Market ETF | -0.16 | — | — | 100 | Money Market | BETZ vs MMKT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | — | — | 99 | Ultrashort Bond | BETZ vs CSHP |
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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 0.31, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 0.31 | 0.40 | 0.45 | 95 | Technology | |
| MGM Resorts International | 0.49 | 0.58 | 0.66 | 71 | Consumer Cyclical | |
| Super Group (SGHC) Limited | 0.54 | 0.52 | — | 69 | Consumer Cyclical |
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