Looking to diversify beyond BSMQ? The ETFs below have the lowest correlation with BSMQ — 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 BSMQ.
Best Diversifiers for BSMQ
2108 ETFs have low correlation with BSMQ (below 0.3), 92 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.20, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.20 | -0.07 | -0.04 | 71 | Oil & Gas | BSMQ vs DBE | |
| United States Gasoline Fund LP | -0.19 | -0.06 | -0.04 | 69 | Oil & Gas | BSMQ vs UGA | |
| United States Oil Fund LP | -0.18 | -0.07 | -0.04 | 66 | Oil & Gas | BSMQ vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.17 | -0.06 | -0.04 | 54 | Leveraged Commodities | BSMQ vs UCO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.17 | -0.06 | -0.04 | 55 | Oil & Gas | BSMQ vs OILK |
See all 2114 diversifiers for BSMQ
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