Looking to diversify beyond BSTP? The ETFs below have the lowest correlation with BSTP — 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 BSTP.
Best Diversifiers for BSTP
381 ETFs have low correlation with BSTP (below 0.3), 66 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.47, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | -0.45 | -0.45 | 53 | Inverse Equities | BSTP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | BSTP vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.35 | -0.37 | 57 | Cryptocurrency | BSTP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BSTP vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | BSTP vs WNTR |
See all 2056 diversifiers for BSTP
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