Looking to diversify beyond BLES? The ETFs below have historically moved differently from BLES, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BLES
231 ETFs have low correlation with BLES (below 0.3), 49 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 52 | Inverse Equities | BLES vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | BLES vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.36 | — | 61 | Cryptocurrency | BLES vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BLES vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | BLES vs WNTR |
See all 2238 diversifiers for BLES
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