Looking to diversify beyond BMOP? The ETFs below have the lowest correlation with BMOP — 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 BMOP.
Best Diversifiers for BMOP
322 ETFs have low correlation with BMOP (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.45, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.45 | -0.45 | -0.45 | 54 | Leveraged Commodities | BMOP vs UCO | |
| United States Brent Oil Fund LP | -0.43 | -0.43 | -0.43 | 65 | Oil & Gas | BMOP vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.40 | -0.40 | -0.40 | 71 | Commodities | BMOP vs GSG | |
| Defiance Oil Enhanced Options Income ETF | -0.39 | -0.39 | -0.39 | 55 | Derivative Income | BMOP vs USOY | |
| iShares Commodities Select Strategy ETF | -0.39 | -0.39 | -0.39 | 70 | Commodities | BMOP vs COMT |
See all 2146 diversifiers for BMOP
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