Looking to diversify beyond BYLD? The ETFs below have the lowest correlation with BYLD — 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 BYLD.
Best Diversifiers for BYLD
300 ETFs have low correlation with BYLD (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.39 | -0.43 | 63 | Leveraged Currency | BYLD vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.14 | -0.07 | 55 | Oil & Gas | BYLD vs UGA | |
| VanEck Commodity Strategy ETF | -0.30 | -0.08 | — | 57 | Commodities | BYLD vs PIT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.27 | -0.05 | — | 50 | Commodities | BYLD vs CMDT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.26 | — | — | 53 | Commodities | BYLD vs CERY |
See all 1982 diversifiers for BYLD
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements BYLD
Add BYLD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BYLD