Looking to diversify beyond BUFX? The ETFs below have the lowest correlation with BUFX — 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 BUFX.
Best Diversifiers for BUFX
0 ETFs have low correlation with BUFX (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) (Alternative Energy 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 |
|---|---|---|---|---|---|---|---|
| First Trust NASDAQ Clean Edge Green Energy Index F... | 0.58 | 0.58 | 0.58 | 89 | Alternative Energy Equities | BUFX vs QCLN | |
| JPMorgan Diversified Return US Equity ETF | 0.59 | 0.59 | 0.59 | 60 | Large Cap Blend Equities | BUFX vs JPUS | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 0.63 | 0.63 | 0.63 | 97 | Defined Outcome, S&P 500 | BUFX vs CPSM | |
| Essential 40 Stock ETF | 0.69 | 0.69 | 0.69 | 83 | Large Cap Blend Equities | BUFX vs ESN | |
| Innovator Russell 2000 Power Buffer ETF - April | 0.70 | 0.70 | 0.70 | 95 | Defined Outcome | BUFX vs KAPR |
See all 33 diversifiers for BUFX
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