Looking to diversify beyond BLSG? The ETFs below have the lowest correlation with BLSG — 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 BLSG.
Best Diversifiers for BLSG
520 ETFs have low correlation with BLSG (below 0.3), 33 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.66, roughly unchanged from -0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.66 | -0.66 | -0.66 | 65 | Inverse Equities, Leveraged Equities | BLSG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.65 | -0.65 | -0.65 | 56 | Inverse Equities | BLSG vs SMST | |
| ProShares Short Bitcoin ETF | -0.64 | -0.64 | -0.64 | 53 | Cryptocurrency | BLSG vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.64 | -0.64 | -0.64 | 70 | Derivative Income | BLSG vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.16 | -0.16 | -0.16 | 61 | Inverse Equities | BLSG vs NFXS |
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