Looking to diversify beyond BIDG? The ETFs below have the lowest correlation with BIDG — 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 BIDG.
Best Diversifiers for BIDG
1 ETFs have low correlation with BIDG (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Oil & Gas (DIG) (Leveraged Equities) with a 1Y correlation of -0.17, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Oil & Gas | -0.17 | -0.17 | -0.17 | 53 | Leveraged Equities | BIDG vs DIG | |
| GraniteShares 2x Long VRT Daily ETF | 0.34 | 0.34 | 0.34 | 74 | Leveraged Equities | BIDG vs VRTL | |
| ProShares UltraPro S&P 500 | 0.42 | 0.42 | 0.42 | 51 | Leveraged Equities, S&P 500 | BIDG vs UPRO | |
| ProShares Ultra Semiconductors | 0.43 | 0.43 | 0.43 | 60 | Leveraged Equities, Semiconductors | BIDG vs USD |
Diversification Analysis
Build a portfolio that complements BIDG
Add BIDG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BIDG