Looking to diversify beyond BWTG? The ETFs below have the lowest correlation with BWTG — 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 BWTG.
Best Diversifiers for BWTG
301 ETFs have low correlation with BWTG (below 0.3), 64 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.34, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | -0.32 | -0.32 | 60 | Inverse Equities, Leveraged Equities | BWTG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | -0.34 | -0.34 | 53 | Inverse Equities | BWTG vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | -0.34 | -0.34 | 65 | Derivative Income | BWTG vs WNTR | |
| ProShares UltraShort Yen | -0.23 | -0.07 | -0.07 | 75 | Leveraged Currency | BWTG vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.22 | -0.17 | -0.17 | 51 | Multistrategy | BWTG vs RSBY |
See all 2061 diversifiers for BWTG
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