Looking to diversify beyond BFIX? The ETFs below have the lowest correlation with BFIX — 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 BFIX.
Best Diversifiers for BFIX
502 ETFs have low correlation with BFIX (below 0.3), 24 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.35, roughly unchanged from -0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.35 | -0.33 | — | 51 | Currency | BFIX vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | -0.23 | -0.23 | 68 | Inverse Equities, Leveraged Equities | BFIX vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.13 | -0.13 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BFIX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.33 | -0.12 | -0.13 | 57 | Cryptocurrency | BFIX vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 60 | Inverse Equities | BFIX vs SMST |
See all 2049 diversifiers for BFIX
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