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
1362 ETFs have low correlation with BYRE (below 0.3), 88 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.50, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.50 | -0.50 | -0.50 | 99 | Leveraged Equities, Semiconductors | BYRE vs MUU | |
| ProShares UltraShort Yen | -0.37 | -0.27 | — | 75 | Leveraged Currency | BYRE vs YCS | |
| United States Gasoline Fund LP | -0.20 | -0.11 | — | 72 | Oil & Gas | BYRE vs UGA | |
| Fidelity Managed Futures ETF | -0.14 | — | — | 66 | Systematic Trend | BYRE vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | -0.06 | — | 51 | Commodities | BYRE vs PDBC |
See all 2058 diversifiers for BYRE
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