Looking to diversify beyond BLES? The ETFs below have the lowest correlation with BLES — 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 BLES.
Best Diversifiers for BLES
213 ETFs have low correlation with BLES (below 0.3), 35 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.49 | -0.44 | -0.48 | 51 | Currency | BLES vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | -0.43 | -0.43 | 60 | Inverse Equities | BLES vs SMST | |
| ProShares Short Bitcoin ETF | -0.42 | -0.35 | -0.38 | 57 | Cryptocurrency | BLES vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BLES vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 68 | Inverse Equities, Leveraged Equities | BLES vs MSTZ |
See all 2048 diversifiers for BLES
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