Looking to diversify beyond BNGE? The ETFs below have the lowest correlation with BNGE — 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 BNGE.
Best Diversifiers for BNGE
417 ETFs have low correlation with BNGE (below 0.3), 48 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.19, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.19 | -0.12 | -0.11 | 61 | Leveraged Currency | BNGE vs YCS | |
| Brookstone Ultra-Short Bond ETF | -0.16 | — | — | 98 | Ultrashort Bond | BNGE vs BAMU | |
| Breakwave Tanker Shipping ETF | -0.15 | -0.02 | -0.02 | 98 | Commodities | BNGE vs BWET | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.07 | — | 100 | Government Bonds, Ultrashort Bond | BNGE vs BIL | |
| Texas Capital Government Money Market ETF | -0.12 | — | — | 100 | Money Market | BNGE vs MMKT |
See all 2078 diversifiers for BNGE
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Diversification Analysis
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