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
2179 ETFs have low correlation with BSMP (below 0.3), 860 of which are negatively correlated. The least correlated is VanEck Vectors Oil Services ETF (OIH) (Energy Equities) with a 1Y correlation of -0.15, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Oil Services ETF | -0.15 | -0.01 | -0.03 | 91 | Energy Equities | BSMP vs OIH | |
| SPDR S&P Oil & Gas Equipment & Services ETF | -0.15 | -0.01 | -0.03 | 92 | Energy Equities | BSMP vs XES | |
| Invesco S&P SmallCap Energy ETF | -0.15 | -0.01 | -0.02 | 78 | Energy Equities | BSMP vs PSCE | |
| iShares U.S. Oil Equipment & Services ETF | -0.14 | -0.00 | -0.03 | 90 | Energy Equities | BSMP vs IEZ | |
| Vanguard Energy ETF | -0.14 | -0.04 | -0.04 | 71 | Energy Equities | BSMP vs VDE |
See all 2179 diversifiers for BSMP
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