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
74 ETFs have low correlation with BMNR (below 0.3), 9 of which are negatively correlated. The least correlated is iShares Treasury Floating Rate Bond ETF (TFLO) (Government Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Treasury Floating Rate Bond ETF | -0.08 | -0.08 | -0.08 | 100 | Government Bonds, Ultrashort Bond | BMNR vs TFLO | |
| US Treasury 3 Month Bill ETF | -0.05 | -0.05 | -0.05 | 100 | Ultrashort Bond | BMNR vs TBIL | |
| Alpha Architect 1-3 Month Box ETF | -0.05 | -0.05 | -0.05 | 100 | Ultrashort Bond | BMNR vs BOXX | |
| ProShares Ultra Bloomberg Crude Oil | -0.03 | -0.03 | -0.03 | 54 | Leveraged Commodities | BMNR vs UCO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BMNR vs BIL |
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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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.14, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.14 | -0.14 | -0.14 | 62 | Consumer Defensive | |
| The Southern Company | -0.11 | -0.11 | -0.11 | 52 | Utilities | |
| Duke Energy Corporation | -0.11 | -0.11 | -0.11 | 57 | Utilities | |
| PepsiCo, Inc. | -0.10 | -0.10 | -0.10 | 57 | Consumer Defensive | |
| The Hershey Company | -0.09 | -0.09 | -0.09 | 58 | Consumer Defensive |
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