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
2 ETFs have low correlation with BEX (below 0.3), 2 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 -0.38, roughly unchanged from -0.38 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 | -0.38 | -0.38 | -0.38 | 55 | Leveraged Equities | BEX vs NRGU | |
| ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP In... | -0.25 | -0.25 | -0.25 | 62 | Leveraged Equities | BEX vs MLPR | |
| ProShares Ultra SmallCap600 | 0.44 | 0.44 | 0.44 | 73 | Leveraged Equities | BEX vs SAA | |
| Direxion Daily S&P 500 Bull 3X ETF | 0.65 | 0.65 | 0.65 | 52 | Leveraged Equities, S&P 500 | BEX vs SPXL | |
| ProShares UltraPro S&P 500 | 0.68 | 0.68 | 0.68 | 51 | Leveraged Equities, S&P 500 | BEX vs UPRO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BEX and solid risk/return profiles. The least correlated is Bloom Energy Corporation (BE) (Industrials) with a 1Y correlation of 1.00, roughly unchanged from 1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bloom Energy Corporation | 1.00 | 1.00 | 1.00 | 98 | Industrials |
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