Looking to diversify beyond BOEU? The ETFs below have the lowest correlation with BOEU — 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 BOEU.
Best Diversifiers for BOEU
558 ETFs have low correlation with BOEU (below 0.3), 45 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.19, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.19 | -0.16 | -0.16 | 55 | Inverse Equities | BOEU vs NFXS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | BOEU vs RBIL | |
| United States Gasoline Fund LP | -0.15 | -0.12 | -0.12 | 55 | Oil & Gas | BOEU vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | -0.13 | -0.13 | 98 | Inflation-Protected Bonds | BOEU vs IBIC | |
| VanEck Commodity Strategy ETF | -0.14 | — | — | 57 | Commodities | BOEU vs PIT |
See all 1950 diversifiers for BOEU
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