Looking to diversify beyond BSCQ? The ETFs below have the lowest correlation with BSCQ — 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 BSCQ.
Best Diversifiers for BSCQ
1949 ETFs have low correlation with BSCQ (below 0.3), 439 of which are negatively correlated. The least correlated is First Trust Merger Arbitrage ETF (MARB) (Long-Short) with a 1Y correlation of -0.14, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Merger Arbitrage ETF | -0.14 | 0.04 | 0.04 | 59 | Long-Short | BSCQ vs MARB | |
| Breakwave Dry Bulk Shipping ETF | -0.12 | -0.05 | 0.01 | 75 | Commodities | BSCQ vs BDRY | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | -0.12 | 0.06 | 0.08 | 84 | High Yield Bonds | BSCQ vs HYZD | |
| NEOS Enhanced Income 1-3 Month T-Bill ETF | -0.11 | -0.03 | — | 99 | Ultrashort Bond | BSCQ vs CSHI | |
| First Trust North American Energy Infrastructure F... | -0.11 | 0.13 | 0.16 | 70 | MLPs | BSCQ vs EMLP |
See all 1950 diversifiers for BSCQ
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