Looking to diversify beyond BSMQ? The ETFs below have historically moved differently from BSMQ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BSMQ
2294 ETFs have low correlation with BSMQ (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.24, down from -0.05 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.24 | -0.05 | — | 51 | Cryptocurrency | BSMQ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.21 | — | — | 69 | Derivative Income | BSMQ vs WNTR | |
| Invesco DB Energy Fund | -0.17 | -0.09 | -0.04 | 66 | Oil & Gas | BSMQ vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.16 | -0.25 | -0.31 | 51 | Nontraditional Bonds | BSMQ vs RISR | |
| Invesco DB Oil Fund | -0.15 | -0.08 | -0.04 | 51 | Oil & Gas | BSMQ vs DBO |
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