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
2071 ETFs have low correlation with BSMP (below 0.3), 1282 of which are negatively correlated. The least correlated is Reckoner Leveraged AAA CLO ETF (RAAA) (CLO) with a 1Y correlation of -0.17, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Reckoner Leveraged AAA CLO ETF | -0.17 | -0.17 | -0.17 | 97 | CLO | BSMP vs RAAA | |
| Simplify Government Money Market ETF | -0.15 | -0.15 | -0.15 | 100 | Money Market | BSMP vs SBIL | |
| ProShares UltraShort Yen | -0.15 | -0.13 | -0.19 | 73 | Leveraged Currency | BSMP vs YCS | |
| Direxion Daily AMD Bull 2X Shares | -0.15 | — | — | 92 | Leveraged Equities | BSMP vs AMUU | |
| YieldMax AMD Option Income Strategy ETF | -0.15 | — | — | 89 | Derivative Income, Options Trading | BSMP vs AMDY |
See all 2071 diversifiers for BSMP
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