Looking to balance out your exposure to BMNR? The ETFs below have the lowest correlation with BMNR — they tend to move on their own, which can help reduce risk when BMNR drops. The stock ideas table highlights individual companies that behave independently from BMNR.
Best Diversifiers for BMNR
73 ETFs have low correlation with BMNR (below 0.3), 5 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.09 | — | — | 100 | Government Bonds, Ultrashort Bond | BMNR vs USFR | |
| F/m US Treasury 3 Month Bill ETF | -0.04 | — | — | 100 | Ultrashort Bond | BMNR vs TBIL | |
| Alerian MLP ETF | -0.02 | -0.00 | -0.00 | 56 | MLPs | BMNR vs AMLP | |
| Alpha Architect 1-3 Month Box ETF | -0.01 | -0.01 | -0.01 | 100 | Ultrashort Bond | BMNR vs BOXX | |
| iShares Treasury Floating Rate Bond ETF | -0.00 | — | — | 100 | Government Bonds, Ultrashort Bond | BMNR vs TFLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BMNR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BMNR and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.22, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.22 | -0.20 | -0.20 | 56 | Industrials | |
| The Coca-Cola Company | -0.17 | -0.14 | -0.14 | 84 | Consumer Defensive | |
| Verizon Communications Inc. | -0.17 | -0.10 | -0.10 | 61 | Communication Services | |
| Chubb Limited | -0.15 | -0.12 | -0.12 | 82 | Financial Services | |
| Duke Energy Corporation | -0.14 | -0.13 | -0.13 | 64 | Utilities |
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