Looking to diversify beyond BSMS? The ETFs below have the lowest correlation with BSMS — 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 BSMS.
Best Diversifiers for BSMS
1653 ETFs have low correlation with BSMS (below 0.3), 51 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.28 | -0.11 | -0.09 | 60 | Oil & Gas | BSMS vs UGA | |
| ProShares UltraShort Yen | -0.28 | -0.31 | -0.36 | 73 | Leveraged Currency | BSMS vs YCS | |
| First Trust Alternative Absolute Return Strategy E... | -0.24 | -0.06 | -0.05 | 77 | Commodities | BSMS vs FAAR | |
| VanEck Commodity Strategy ETF | -0.23 | -0.08 | — | 59 | Commodities | BSMS vs PIT | |
| Bastion Energy ETF | -0.19 | — | — | 81 | Energy Equities | BSMS vs BESF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSMS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSMS and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.02 | 0.06 | 0.05 | 70 | Technology | |
| JPMorgan Chase & Co. | 0.03 | 0.06 | 0.01 | 68 | Financial Services | |
| Flex Ltd. | 0.04 | 0.12 | 0.07 | 97 | Technology | |
| Comfort Systems USA, Inc. | 0.05 | 0.11 | 0.06 | 98 | Industrials | |
| Celestica Inc. | 0.06 | 0.07 | 0.04 | 88 | Technology |
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