Looking to diversify beyond BFJL? The ETFs below have the lowest correlation with BFJL — 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 BFJL.
Best Diversifiers for BFJL
0 ETFs have low correlation with BFJL (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM S&P 500 Max Buffer ETF - May (PMMY) (Defined Outcome) with a 1Y correlation of 0.30, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 0.30 | 0.30 | 0.30 | 97 | Defined Outcome, S&P 500 | BFJL vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - June | 0.33 | 0.33 | 0.33 | 93 | Defined Outcome, S&P 500 | BFJL vs PMJN | |
| PGIM Laddered S&P 500 Buffer 12 ETF | 0.34 | 0.34 | 0.34 | 84 | Defined Outcome, S&P 500 | BFJL vs BUFP | |
| PGIM Nasdaq-100 Buffer 12 ETF - January | 0.35 | 0.35 | 0.35 | 79 | Defined Outcome, Nasdaq-100 | BFJL vs PQJA | |
| First Trust NASDAQ Technology Dividend Index Fund | 0.35 | 0.35 | 0.35 | 53 | Technology Equities, Dividend | BFJL vs TDIV |
See all 8 diversifiers for BFJL
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