Looking to diversify beyond BIDD? The ETFs below have the lowest correlation with BIDD — 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 BIDD.
Best Diversifiers for BIDD
308 ETFs have low correlation with BIDD (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.27 | -0.27 | 63 | Leveraged Currency | BIDD vs YCS | |
| United States Oil Fund LP | -0.37 | — | — | 66 | Oil & Gas | BIDD vs USO | |
| Invesco DB Energy Fund | -0.36 | — | — | 71 | Oil & Gas | BIDD vs DBE | |
| United States Brent Oil Fund LP | -0.36 | — | — | 65 | Oil & Gas | BIDD vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.35 | -0.21 | -0.21 | 56 | Derivative Income | BIDD vs USOY |
See all 2192 diversifiers for BIDD
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements BIDD
Add BIDD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BIDD