Looking to diversify beyond BSJQ? The ETFs below have the lowest correlation with BSJQ — 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 BSJQ.
Best Diversifiers for BSJQ
356 ETFs have low correlation with BSJQ (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.19 | -0.19 | 63 | Leveraged Currency | BSJQ vs YCS | |
| United States Gasoline Fund LP | -0.23 | -0.03 | 0.08 | 71 | Oil & Gas | BSJQ vs UGA | |
| United States Oil Fund LP | -0.23 | -0.04 | 0.09 | 66 | Oil & Gas | BSJQ vs USO | |
| United States Brent Oil Fund LP | -0.22 | -0.04 | 0.09 | 65 | Oil & Gas | BSJQ vs BNO | |
| Invesco DB Energy Fund | -0.21 | -0.02 | 0.11 | 71 | Oil & Gas | BSJQ vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSJQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSJQ and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of 0.12, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.12 | 0.10 | 0.13 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.15 | 0.03 | 0.08 | 88 | Financial Services | |
| Amazon.com, Inc | 0.35 | 0.39 | 0.48 | 63 | Consumer Cyclical |
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