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
271 ETFs have low correlation with BLES (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.20 | -0.16 | 61 | Leveraged Currency | BLES vs YCS | |
| Invesco DB Energy Fund | -0.30 | -0.02 | 0.14 | 71 | Oil & Gas | BLES vs DBE | |
| United States Oil Fund LP | -0.29 | -0.01 | 0.14 | 66 | Oil & Gas | BLES vs USO | |
| United States Brent Oil Fund LP | -0.28 | 0.00 | 0.13 | 65 | Oil & Gas | BLES vs BNO | |
| United States Gasoline Fund LP | -0.27 | -0.01 | 0.12 | 69 | Oil & Gas | BLES vs UGA |
See all 2115 diversifiers for BLES
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Diversification Analysis
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