Looking to diversify beyond BNGE? The ETFs below have historically moved differently from BNGE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BNGE
496 ETFs have low correlation with BNGE (below 0.3), 72 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 58 | Derivative Income | BNGE vs WNTR | |
| Invesco DB Energy Fund | -0.21 | -0.05 | 0.04 | 54 | Oil & Gas | BNGE vs DBE | |
| ProShares UltraShort Yen | -0.19 | -0.12 | -0.11 | 56 | Leveraged Currency | BNGE vs YCS | |
| Brookstone Ultra-Short Bond ETF | -0.15 | -0.02 | -0.02 | 99 | Ultrashort Bond | BNGE vs BAMU | |
| Breakwave Tanker Shipping ETF | -0.12 | -0.03 | — | 99 | Commodities | BNGE vs BWET |
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