Looking to diversify beyond BPAY? The ETFs below have the lowest correlation with BPAY — 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 BPAY.
Best Diversifiers for BPAY
432 ETFs have low correlation with BPAY (below 0.3), 71 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.54, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.54 | -0.50 | -0.50 | 60 | Inverse Equities, Leveraged Equities | BPAY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.54 | -0.50 | -0.50 | 53 | Inverse Equities | BPAY vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.51 | -0.51 | -0.51 | 65 | Derivative Income | BPAY vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.26 | -0.34 | -0.34 | 60 | Inverse Equities | BPAY vs NFXS | |
| United States Gasoline Fund LP | -0.18 | -0.02 | 0.06 | 72 | Oil & Gas | BPAY vs UGA |
See all 2061 diversifiers for BPAY
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