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
0 ETFs have low correlation with BEX (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra S&P500 (SSO) (Leveraged Equities) with a 1Y correlation of 0.62, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra S&P500 | 0.62 | 0.62 | 0.62 | 50 | Leveraged Equities, S&P 500 | BEX vs SSO | |
| ProShares Ultra SmallCap600 | 0.65 | 0.65 | 0.65 | 63 | Leveraged Equities | BEX vs SAA | |
| First Trust NASDAQ Clean Edge Green Energy Index F... | 0.69 | 0.69 | 0.69 | 78 | Alternative Energy Equities | BEX vs QCLN | |
| ProShares Ultra Russell2000 | 0.76 | 0.76 | 0.76 | 65 | Leveraged Equities | BEX vs UWM | |
| Global X CleanTech ETF | 0.77 | 0.77 | 0.77 | 78 | Alternative Energy Equities | BEX vs CTEC |
See all 6 diversifiers for BEX
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