Looking to diversify beyond BMNG? The ETFs below have the lowest correlation with BMNG — 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 BMNG.
Best Diversifiers for BMNG
515 ETFs have low correlation with BMNG (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.86, roughly unchanged from -0.86 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.86 | -0.86 | -0.86 | 57 | Cryptocurrency | BMNG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.86 | -0.86 | -0.86 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BMNG vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.81 | -0.81 | -0.81 | 68 | Inverse Equities, Leveraged Equities | BMNG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.81 | -0.81 | -0.81 | 53 | Inverse Equities | BMNG vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.79 | -0.79 | -0.79 | 70 | Derivative Income | BMNG vs WNTR |
See all 2021 diversifiers for BMNG
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