Looking to diversify beyond BUFS? The ETFs below have the lowest correlation with BUFS — 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 BUFS.
Best Diversifiers for BUFS
353 ETFs have low correlation with BUFS (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.44 | -0.44 | 52 | Cryptocurrency | BUFS vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | — | — | 63 | Inverse Equities | BUFS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 70 | Inverse Equities, Leveraged Equities | BUFS vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 73 | Derivative Income | BUFS vs WNTR | |
| Invesco DB Energy Fund | -0.27 | — | — | 57 | Oil & Gas | BUFS vs DBE |
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