Looking to diversify beyond BSMR? The ETFs below have the lowest correlation with BSMR — 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 BSMR.
Best Diversifiers for BSMR
1461 ETFs have low correlation with BSMR (below 0.3), 67 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 -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.20 | -0.08 | -0.06 | 57 | Oil & Gas | BSMR vs DBE | |
| United States Gasoline Fund LP | -0.18 | -0.07 | -0.05 | 82 | Oil & Gas | BSMR vs UGA | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.16 | -0.07 | -0.04 | 52 | Commodities | BSMR vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | -0.06 | -0.04 | 56 | Commodities | BSMR vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.14 | -0.08 | -0.08 | 55 | Commodities | BSMR vs DCMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSMR and solid risk/return profiles. The least correlated is McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.08, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.08 | 0.01 | -0.02 | 58 | Healthcare | |
| NVIDIA Corporation | -0.07 | 0.03 | 0.06 | 70 | Technology | |
| Quanta Services, Inc. | -0.02 | 0.08 | 0.05 | 89 | Industrials | |
| Ferguson plc | -0.00 | 0.16 | 0.11 | 54 | Industrials | |
| Comfort Systems USA, Inc. | -0.00 | 0.08 | 0.06 | 98 | Industrials |
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