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
1802 ETFs have low correlation with BSMS (below 0.3), 98 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.28, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.28 | -0.11 | -0.07 | 74 | Commodities | BSMS vs PDBC | |
| United States Brent Oil Fund LP | -0.27 | -0.13 | -0.11 | 65 | Oil & Gas | BSMS vs BNO | |
| United States Oil Fund LP | -0.27 | -0.13 | -0.11 | 66 | Oil & Gas | BSMS vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.27 | -0.09 | -0.06 | 75 | Commodities | BSMS vs DBC | |
| ProShares Ultra Bloomberg Crude Oil | -0.27 | -0.12 | -0.10 | 54 | Leveraged Commodities | BSMS vs UCO |
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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 -0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | 0.05 | 0.04 | 78 | Technology | |
| Flex Ltd. | 0.01 | 0.11 | 0.06 | 98 | Technology | |
| D-Wave Quantum Inc | 0.02 | 0.07 | 0.04 | 59 | Technology | |
| JPMorgan Chase & Co. | 0.05 | 0.06 | 0.01 | 59 | Financial Services | |
| Celestica Inc. | 0.05 | 0.06 | 0.04 | 94 | Technology |
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Build a portfolio that complements BSMS
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