Looking to diversify beyond BIS? The ETFs below have the lowest correlation with BIS — 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 BIS.
Best Diversifiers for BIS
2077 ETFs have low correlation with BIS (below 0.3), 2036 of which are negatively correlated. The least correlated is ProShares Ultra Nasdaq Biotechnology (BIB) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Nasdaq Biotechnology | -1.00 | -1.00 | -1.00 | 76 | Leveraged Equities | BIS vs BIB | |
| Invesco Nasdaq Biotechnology ETF | -0.99 | -0.99 | -0.99 | 80 | Health & Biotech Equities | BIS vs IBBQ | |
| iShares Nasdaq Biotechnology ETF | -0.99 | -0.98 | -0.98 | 69 | Health & Biotech Equities | BIS vs IBB | |
| Direxion Daily S&P Biotech Bull 3x Shares | -0.93 | -0.92 | -0.91 | 90 | Leveraged Equities | BIS vs LABU | |
| SPDR S&P Biotech ETF | -0.92 | -0.92 | -0.91 | 90 | Health & Biotech Equities | BIS vs XBI |
See all 2077 diversifiers for BIS
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Diversification Analysis
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