Looking to diversify beyond BMAY? The ETFs below have the lowest correlation with BMAY — 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 BMAY.
Best Diversifiers for BMAY
374 ETFs have low correlation with BMAY (below 0.3), 71 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.47, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | -0.46 | -0.46 | 60 | Inverse Equities | BMAY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.45 | -0.45 | 68 | Inverse Equities, Leveraged Equities | BMAY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | BMAY vs WNTR | |
| ProShares Short Bitcoin ETF | -0.44 | -0.35 | -0.37 | 57 | Cryptocurrency | BMAY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BMAY vs SBIT |
See all 2048 diversifiers for BMAY
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Diversification Analysis
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