Looking to balance out your exposure to BMEZ? The ETFs below have the lowest correlation with BMEZ — they tend to move on their own, which can help reduce risk when BMEZ drops. The stock ideas table highlights individual companies that behave independently from BMEZ.
Best Diversifiers for BMEZ
0 ETFs have low correlation with BMEZ (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.38, roughly unchanged from 0.42 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.38 | 0.42 | — | 74 | Nasdaq-100, Derivative Income | BMEZ vs JEPQ | |
| Schwab U.S. Dividend Equity ETF | 0.38 | 0.45 | 0.50 | 80 | Dividend | BMEZ vs SCHD | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.39 | 0.35 | 0.44 | 56 | Preferred Stock/Convertible Bonds | BMEZ vs PFFA | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.39 | 0.37 | 0.38 | 61 | Emerging Markets Bonds | BMEZ vs EMB | |
| Global X S&P 500 Covered Call ETF | 0.42 | 0.44 | 0.52 | 82 | Derivative Income, S&P 500 | BMEZ vs XYLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BMEZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BMEZ and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.03 | 0.12 | 69 | Consumer Defensive | |
| Antero Midstream Corporation | -0.03 | 0.17 | 0.27 | 65 | Energy | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.23 | 0.23 | 0.29 | 78 | Financial Services | |
| Nuveen Quality Municipal Income Fund | 0.29 | 0.28 | 0.30 | 75 | Financial Services | |
| Merck & Co., Inc. | 0.31 | 0.24 | 0.22 | 87 | Healthcare |
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