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
1367 ETFs have low correlation with BSMR (below 0.3), 41 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 -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.21 | -0.07 | -0.05 | 55 | Oil & Gas | BSMR vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.19 | -0.03 | -0.02 | 75 | Commodities | BSMR vs FAAR | |
| Bastion Energy ETF | -0.16 | — | — | 84 | Energy Equities | BSMR vs BESF | |
| ProShares UltraShort Yen | -0.15 | -0.28 | -0.31 | 63 | Leveraged Currency | BSMR vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | BSMR vs CSHP |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | 0.03 | 0.06 | 72 | Technology | |
| Quanta Services, Inc. | -0.02 | 0.07 | 0.04 | 92 | Industrials | |
| Comfort Systems USA, Inc. | -0.01 | 0.07 | 0.05 | 98 | Industrials | |
| Amphenol Corporation | -0.01 | 0.04 | 0.07 | 80 | Technology | |
| Ferguson plc | 0.02 | 0.17 | 0.11 | 53 | Industrials |
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