Looking to diversify beyond BGRN? The ETFs below have the lowest correlation with BGRN — 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 BGRN.
Best Diversifiers for BGRN
428 ETFs have low correlation with BGRN (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.43 | -0.47 | 61 | Leveraged Currency | BGRN vs YCS | |
| Fidelity Managed Futures ETF | -0.28 | — | — | 64 | Systematic Trend | BGRN vs FFUT | |
| VanEck Commodity Strategy ETF | -0.28 | -0.09 | — | 55 | Commodities | BGRN vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.09 | -0.08 | 70 | Commodities | BGRN vs FAAR | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.23 | -0.12 | -0.12 | 50 | Commodities | BGRN vs CERY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BGRN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BGRN and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.24, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.24 | 0.13 | 0.13 | 75 | Technology | |
| Apple Inc | 0.25 | 0.23 | 0.20 | 88 | Technology |
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