Looking to diversify beyond BSMR? The ETFs below have historically moved differently from BSMR, 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 BSMR
1675 ETFs have low correlation with BSMR (below 0.3), 80 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.21, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | -0.09 | -0.06 | 66 | Oil & Gas | BSMR vs DBE | |
| United States Gasoline Fund, LP | -0.21 | -0.09 | -0.05 | 83 | Oil & Gas | BSMR vs UGA | |
| Invesco DB Oil Fund | -0.20 | -0.10 | -0.07 | 51 | Oil & Gas | BSMR vs DBO | |
| MicroSectors Energy 3X Leveraged ETN | -0.16 | -0.06 | -0.09 | 55 | Leveraged Equities | BSMR vs WTIU | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.16 | -0.07 | -0.04 | 61 | Commodities | BSMR vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BSMR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.09, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.09 | 0.01 | -0.01 | 62 | Healthcare | |
| Cencora Inc. | -0.03 | 0.07 | 0.02 | 50 | Healthcare | |
| NVIDIA Corporation | -0.03 | 0.02 | 0.06 | 61 | Technology | |
| Comfort Systems USA, Inc. | 0.01 | 0.07 | 0.06 | 95 | Industrials | |
| Amphenol Corporation | 0.01 | 0.04 | 0.08 | 79 | Technology |
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