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
302 ETFs have low correlation with BMOP (below 0.3), 28 of which are negatively correlated. The least correlated is Tortoise North American Pipeline Fund (TPYP) (Energy Equities) with a 1Y correlation of -0.12, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tortoise North American Pipeline Fund | -0.12 | -0.12 | -0.12 | 62 | Energy Equities | BMOP vs TPYP | |
| Invesco SteelPath MLP & Energy Infrastructure ETF | -0.11 | -0.11 | -0.11 | 70 | Energy Equities | BMOP vs PIPE | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.10 | -0.10 | 100 | Government Bonds, Ultrashort Bond | BMOP vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | -0.09 | -0.09 | 99 | Ultrashort Bond | BMOP vs CSHP | |
| iShares Diversified Commodity Swap UCITS ETF | -0.08 | -0.08 | -0.08 | 59 | Commodities | BMOP vs ISCMF |
See all 1954 diversifiers for BMOP
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