Looking to diversify beyond BPH? The ETFs below have the lowest correlation with BPH — 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 BPH.
Best Diversifiers for BPH
1839 ETFs have low correlation with BPH (below 0.3), 1457 of which are negatively correlated. The least correlated is Global X Genomics & Biotechnology ETF (GNOM) (Health & Biotech Equities) with a 1Y correlation of -0.58, roughly unchanged from -0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Genomics & Biotechnology ETF | -0.58 | -0.58 | -0.58 | 77 | Health & Biotech Equities | BPH vs GNOM | |
| First Trust TCW Securitized Plus ETF | -0.53 | -0.53 | -0.53 | 51 | Mortgage Backed Securities | BPH vs DEED | |
| Eaton Vance Short Duration Municipal Income ETF | -0.52 | -0.52 | -0.52 | 88 | Municipal Bonds | BPH vs EVSM | |
| Rareview Tax Advantaged Income ETF | -0.51 | -0.51 | -0.51 | 58 | Municipal Bonds | BPH vs RTAI | |
| SPDR S&P Health Care Services ETF | -0.51 | -0.51 | -0.51 | 85 | Health & Biotech Equities | BPH vs XHS |
See all 1922 diversifiers for BPH
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