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
299 ETFs have low correlation with BMOP (below 0.3), 33 of which are negatively correlated. The least correlated is Westwood Salient Enhanced Midstream Income ETF (MDST) (Energy Equities) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Westwood Salient Enhanced Midstream Income ETF | -0.15 | -0.15 | -0.15 | 57 | Energy Equities | BMOP vs MDST | |
| TCW AAA CLO ETF | -0.14 | -0.14 | -0.14 | 99 | CLO | BMOP vs ACLO | |
| USCF Midstream Energy Income Fund ETF | -0.13 | -0.13 | -0.13 | 63 | Energy Equities | BMOP vs UMI | |
| Global X MLP & Energy Infrastructure ETF | -0.13 | -0.13 | -0.13 | 56 | MLPs | BMOP vs MLPX | |
| Return Stacked Bonds & Futures Yield ETF | -0.12 | -0.12 | -0.12 | 51 | Multistrategy | BMOP vs RSBY |
See all 1937 diversifiers for BMOP
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements BMOP
Add BMOP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BMOP