Looking to diversify beyond BFIX? The ETFs below have historically moved differently from BFIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BFIX
513 ETFs have low correlation with BFIX (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.31, down from -0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | -0.11 | — | 51 | Cryptocurrency | BFIX vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | -0.19 | -0.19 | 69 | Derivative Income | BFIX vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.24 | -0.24 | -0.28 | 51 | Nontraditional Bonds | BFIX vs RISR | |
| Invesco DB Energy Fund | -0.19 | -0.09 | -0.03 | 66 | Oil & Gas | BFIX vs DBE | |
| SGI Enhanced Core ETF | -0.18 | — | — | 96 | Intermediate Core Bond | BFIX vs USDX |
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