Looking to diversify beyond BYRE? The ETFs below have historically moved differently from BYRE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BYRE
1364 ETFs have low correlation with BYRE (below 0.3), 88 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, roughly unchanged from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.28 | — | 56 | Leveraged Currency | BYRE vs YCS | |
| Invesco DB Energy Fund | -0.21 | -0.15 | — | 72 | Oil & Gas | BYRE vs DBE | |
| United States Gasoline Fund LP | -0.19 | -0.12 | — | 87 | Oil & Gas | BYRE vs UGA | |
| United States Brent Oil Fund LP | -0.18 | -0.14 | -0.04 | 52 | Oil & Gas | BYRE vs BNO | |
| United States Oil Fund LP | -0.18 | -0.14 | -0.04 | 55 | Oil & Gas | BYRE vs USO |
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