Looking to diversify beyond BEX? The ETFs below have the lowest correlation with BEX — 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 BEX.
Best Diversifiers for BEX
5 ETFs have low correlation with BEX (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.20, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.20 | -0.20 | -0.20 | 90 | Leveraged Equities, Semiconductors | BEX vs USD | |
| Direxion Daily AI and Big Data Bull 2X Shares | 0.00 | 0.00 | 0.00 | 53 | Leveraged Equities | BEX vs AIBU | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.00 | 0.00 | 0.00 | 58 | Leveraged Equities | BEX vs NRGU | |
| Direxion Daily S&P 500 Bull 3X ETF | 0.00 | 0.00 | 0.00 | 63 | Leveraged Equities, S&P 500 | BEX vs SPXL | |
| Tradr 2X Long Triple Q Monthly ETF | 0.20 | 0.20 | 0.20 | 66 | Leveraged Equities | BEX vs MQQQ |
See all 24 diversifiers for BEX
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