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
1951 ETFs have low correlation with BSJP (below 0.3), 901 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.16, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.16 | 0.22 | 0.45 | 82 | Leveraged Equities, Semiconductors | BSJP vs USD | |
| AB Conservative Buffer ETF | -0.14 | — | — | 57 | Options Trading | BSJP vs BUFC | |
| iShares Global Tech ETF | -0.14 | 0.29 | 0.52 | 75 | Technology Equities | BSJP vs IXN | |
| GraniteShares 2x Long TSM Daily ETF | -0.14 | — | — | 84 | Leveraged Equities | BSJP vs TSMU | |
| YieldMax TSM Option Income Strategy ETF | -0.14 | — | — | 84 | Derivative Income | BSJP vs TSMY |
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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 Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of -0.03, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.03 | 0.04 | 0.10 | 95 | Financial Services | |
| Altria Group, Inc. | -0.03 | 0.11 | 0.19 | 72 | Consumer Defensive | |
| Amazon.com, Inc | -0.02 | 0.25 | 0.42 | 54 | Consumer Cyclical | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.01 | 0.01 | 0.07 | 87 | Financial Services | |
| Verizon Communications Inc. | 0.02 | 0.09 | 0.16 | 66 | Communication Services |
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