Looking to diversify beyond BRF? The ETFs below have historically moved differently from BRF, 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 BRF
432 ETFs have low correlation with BRF (below 0.3), 59 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BRF vs SBIT | |
| ProShares Short Bitcoin ETF | -0.33 | -0.22 | — | 61 | Cryptocurrency | BRF vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 52 | Inverse Equities | BRF vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 61 | Inverse Equities, Leveraged Equities | BRF vs MSTZ | |
| ProShares UltraShort Yen | -0.28 | -0.19 | -0.14 | 56 | Leveraged Currency | BRF vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BRF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Equatorial Energia SA ADR (EQUEY) (Utilities) with a 1Y correlation of 0.20, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equatorial Energia SA ADR | 0.20 | 0.20 | 0.21 | 67 | Utilities | |
| Companhia Paranaense de Energia | 0.73 | 0.68 | 0.68 | 86 | Utilities |
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