Looking to diversify beyond BYRE? The ETFs below have the lowest correlation with BYRE — 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 BYRE.
Best Diversifiers for BYRE
1233 ETFs have low correlation with BYRE (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.26 | -0.23 | 61 | Leveraged Currency | BYRE vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | -0.07 | -0.07 | 97 | Inflation-Protected Bonds | BYRE vs RBIL | |
| Fidelity Managed Futures ETF | -0.10 | -0.09 | -0.09 | 64 | Systematic Trend | BYRE vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.08 | -0.04 | -0.04 | 70 | Commodities | BYRE vs FAAR | |
| VanEck Commodity Strategy ETF | -0.07 | -0.02 | 0.02 | 55 | Commodities | BYRE vs PIT |
See all 2074 diversifiers for BYRE
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Diversification Analysis
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