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
2071 ETFs have low correlation with BSJP (below 0.3), 1034 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.14, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.14 | 0.21 | 0.45 | 60 | Leveraged Equities, Semiconductors | BSJP vs USD | |
| AB Conservative Buffer ETF | -0.14 | — | — | 67 | Options Trading | BSJP vs BUFC | |
| iShares iBonds Dec 2027 Term Muni Bond ETF | -0.13 | 0.22 | 0.25 | 90 | Municipal Bonds | BSJP vs IBMP | |
| iShares Short Maturity Municipal Bond ETF | -0.13 | 0.12 | 0.12 | 96 | Municipal Bonds | BSJP vs MEAR | |
| Convergence Long/Short Equity ETF | -0.12 | 0.21 | — | 96 | Long-Short, Actively Managed | BSJP vs CLSE |
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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 -0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.11 | 0.18 | 80 | Consumer Defensive | |
| Verizon Communications Inc. | -0.03 | 0.09 | 0.15 | 61 | Communication Services | |
| Amazon.com, Inc | -0.02 | 0.24 | 0.43 | 56 | Consumer Cyclical | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.02 | 0.00 | 0.07 | 85 | Financial Services | |
| Oxford Lane Capital Corp. | -0.01 | 0.05 | 0.10 | 96 | Financial Services |
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Build a portfolio that complements BSJP
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