Looking to diversify beyond BULG? The ETFs below have the lowest correlation with BULG — 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 BULG.
Best Diversifiers for BULG
1 ETFs have low correlation with BULG (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long AMD Daily ETF (AMDG) (Leveraged Equities) with a 1Y correlation of 0.29, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long AMD Daily ETF | 0.29 | 0.29 | 0.29 | 94 | Leveraged Equities | BULG vs AMDG | |
| GraniteShares 2x Long MRVL Daily ETF | 0.31 | 0.31 | — | 93 | Leveraged Equities | BULG vs MVLL | |
| GraniteShares 2x Long DELL Daily ETF | 0.31 | 0.31 | — | 96 | Leveraged Equities | BULG vs DLLL | |
| Leverage Shares 2X Long ARM Daily ETF | 0.34 | 0.34 | 0.34 | 56 | Leveraged Equities | BULG vs ARMG | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.51 | 0.51 | 0.51 | 51 | Leveraged Equities, S&P 500 | BULG vs SPUU |
Diversification Analysis
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