Looking to diversify beyond BSJP? The ETFs below have the lowest correlation with BSJP — 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 BSJP.
Best Diversifiers for BSJP
2117 ETFs have low correlation with BSJP (below 0.3), 1273 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.20, down from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.20 | 0.19 | — | 52 | Derivative Income, Options Trading | BSJP vs NVDY | |
| Convergence Long/Short Equity ETF | -0.19 | 0.22 | — | 95 | Long-Short | BSJP vs CLSE | |
| Leverage Shares 2X Long AVGO Daily ETF | -0.19 | — | — | 53 | Leveraged Equities | BSJP vs AVGG | |
| REX NVDA Growth & Income ETF | -0.19 | — | — | 52 | Derivative Income | BSJP vs NVII | |
| Defiance Daily Target 2X Long AVGO ETF | -0.18 | 0.10 | 0.10 | 50 | Leveraged Equities | BSJP vs AVGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSJP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSJP and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.12 | 0.19 | 69 | Consumer Defensive | |
| Amazon.com, Inc | -0.03 | 0.27 | 0.43 | 60 | Consumer Cyclical | |
| Oxford Lane Capital Corp. | -0.03 | 0.04 | 0.09 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.00 | 0.02 | — | 88 | Financial Services | |
| Verizon Communications Inc. | 0.02 | 0.09 | 0.16 | 59 | Communication Services |
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