Looking to diversify beyond BMED? The ETFs below have the lowest correlation with BMED — 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 BMED.
Best Diversifiers for BMED
451 ETFs have low correlation with BMED (below 0.3), 78 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.19 | -0.04 | 57 | Oil & Gas | BMED vs DBE | |
| United States Gasoline Fund LP | -0.32 | -0.17 | -0.04 | 84 | Oil & Gas | BMED vs UGA | |
| ProShares UltraShort Yen | -0.28 | -0.14 | -0.12 | 73 | Leveraged Currency | BMED vs YCS | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.26 | -0.12 | 0.00 | 52 | Commodities | BMED vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.11 | 0.02 | 54 | Commodities | BMED vs GSG |
See all 2073 diversifiers for BMED
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