Looking to diversify beyond BMNZ? The ETFs below have the lowest correlation with BMNZ — 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 BMNZ.
Best Diversifiers for BMNZ
1 ETFs have low correlation with BMNZ (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 0.12 | 0.12 | 0.12 | 63 | Inverse Equities | BMNZ vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 0.81 | 0.81 | 0.81 | 62 | Inverse Equities, Leveraged Equities | BMNZ vs MSTZ |
Diversification Analysis
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