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
0 ETFs have low correlation with BIDG (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily GOOGL Bull 2X Shares (GGLL) (Leveraged Equities) with a 1Y correlation of 0.36, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily GOOGL Bull 2X Shares | 0.36 | 0.36 | 0.36 | 94 | Leveraged Equities | BIDG vs GGLL | |
| ProShares UltraPro QQQ | 0.42 | 0.42 | 0.42 | 51 | Leveraged Equities | BIDG vs TQQQ |
Diversification Analysis
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