Looking to diversify beyond BSCW? The ETFs below have historically moved differently from BSCW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BSCW
496 ETFs have low correlation with BSCW (below 0.3), 111 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.46 | — | 56 | Leveraged Currency | BSCW vs YCS | |
| Invesco DB Oil Fund | -0.42 | -0.21 | — | 58 | Oil & Gas | BSCW vs DBO | |
| Invesco DB Energy Fund | -0.42 | -0.21 | -0.13 | 72 | Oil & Gas | BSCW vs DBE | |
| United States Oil Fund LP | -0.42 | -0.21 | -0.13 | 55 | Oil & Gas | BSCW vs USO | |
| United States Brent Oil Fund LP | -0.40 | -0.21 | — | 52 | Oil & Gas | BSCW vs BNO |
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