Looking to diversify beyond BHDG? The ETFs below have the lowest correlation with BHDG — 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 BHDG.
Best Diversifiers for BHDG
1 ETFs have low correlation with BHDG (below 0.3), 1 of which are negatively correlated. The least correlated is Valkyrie Bitcoin Miners ETF (WGMI) (Cryptocurrency) with a 1Y correlation of -0.57, roughly unchanged from -0.57 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | -0.57 | -0.57 | — | 79 | Cryptocurrency | BHDG vs WGMI |
Diversification Analysis
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