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
1941 ETFs have low correlation with BSMQ (below 0.3), 32 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.21, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.21 | -0.08 | -0.04 | 60 | Oil & Gas | BSMQ vs UGA | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.20 | -0.14 | -0.14 | 51 | Derivative Income | BSMQ vs WNTR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.15 | — | — | 99 | Ultrashort Bond | BSMQ vs CSHP | |
| ProShares UltraShort Yen | -0.15 | -0.18 | -0.26 | 73 | Leveraged Currency | BSMQ vs YCS | |
| Invesco Variable Rate Investment Grade ETF | -0.10 | 0.03 | 0.03 | 99 | Ultrashort Bond | BSMQ vs VRIG |
See all 1946 diversifiers for BSMQ
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