Looking to diversify beyond BFOR? The ETFs below have the lowest correlation with BFOR — 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 BFOR.
Best Diversifiers for BFOR
319 ETFs have low correlation with BFOR (below 0.3), 63 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.36 | -0.38 | 57 | Cryptocurrency | BFOR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BFOR vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.41 | -0.41 | 68 | Inverse Equities, Leveraged Equities | BFOR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | -0.42 | -0.42 | 60 | Inverse Equities | BFOR vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | BFOR vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BFOR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BFOR and solid risk/return profiles. The least correlated is Noble Corporation (NE) (Energy) with a 1Y correlation of 0.26, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Noble Corporation | 0.26 | 0.38 | 0.40 | 76 | Energy |
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