Looking to diversify beyond BLSG? The ETFs below have historically moved differently from BLSG, 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 BLSG
605 ETFs have low correlation with BLSG (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.63, roughly unchanged from -0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.63 | -0.63 | -0.63 | 51 | Cryptocurrency | BLSG vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.62 | -0.62 | -0.62 | 69 | Derivative Income | BLSG vs WNTR | |
| ProShares UltraShort Yen | -0.14 | -0.14 | -0.14 | 59 | Leveraged Currency | BLSG vs YCS | |
| Invesco DB Energy Fund | -0.13 | -0.13 | -0.13 | 66 | Oil & Gas | BLSG vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.13 | -0.13 | -0.13 | 51 | Nontraditional Bonds | BLSG vs RISR |
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