Looking to diversify beyond BOBP? The ETFs below have the lowest correlation with BOBP — 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 BOBP.
Best Diversifiers for BOBP
416 ETFs have low correlation with BOBP (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.42 | -0.42 | 57 | Cryptocurrency | BOBP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BOBP vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | BOBP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 60 | Inverse Equities | BOBP vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | BOBP vs WNTR |
See all 2053 diversifiers for BOBP
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