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
2063 ETFs have low correlation with BSMQ (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.24, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.24 | -0.06 | -0.07 | 53 | Cryptocurrency | BSMQ vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | -0.14 | -0.14 | 65 | Inverse Equities, Leveraged Equities | BSMQ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.22 | -0.14 | -0.14 | 56 | Inverse Equities | BSMQ vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | -0.16 | -0.16 | 70 | Derivative Income | BSMQ vs WNTR | |
| Invesco DB Energy Fund | -0.16 | -0.09 | -0.04 | 57 | Oil & Gas | BSMQ vs DBE |
See all 2070 diversifiers for BSMQ
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