Looking to diversify beyond BSEP? The ETFs below have historically moved differently from BSEP, 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 BSEP
409 ETFs have low correlation with BSEP (below 0.3), 88 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.50, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.50 | -0.36 | — | 61 | Cryptocurrency | BSEP vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.50 | — | — | 52 | Inverse Equities | BSEP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 61 | Inverse Equities, Leveraged Equities | BSEP vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | -0.43 | -0.43 | 55 | Cryptocurrency, Leveraged Cryptocurrency | BSEP vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | -0.49 | -0.49 | 75 | Derivative Income | BSEP vs WNTR |
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