Looking to diversify beyond BSMP? The ETFs below have the lowest correlation with BSMP — 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 BSMP.
Best Diversifiers for BSMP
1944 ETFs have low correlation with BSMP (below 0.3), 810 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.15, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.15 | -0.13 | -0.19 | 73 | Leveraged Currency | BSMP vs YCS | |
| ASML Holding NV ADR Hedged ETF | -0.15 | — | — | 90 | Technology Equities | BSMP vs ASMH | |
| Invesco S&P SmallCap Energy ETF | -0.13 | -0.01 | -0.02 | 56 | Energy Equities | BSMP vs PSCE | |
| YieldMax AMD Option Income Strategy ETF | -0.13 | -0.03 | -0.03 | 91 | Derivative Income, Options Trading | BSMP vs AMDY | |
| iShares U.S. Oil Equipment & Services ETF | -0.13 | 0.00 | -0.03 | 71 | Energy Equities | BSMP vs IEZ |
See all 1944 diversifiers for BSMP
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