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
1775 ETFs have low correlation with BSMS (below 0.3), 91 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.13 | -0.10 | 57 | Oil & Gas | BSMS vs DBE | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.25 | -0.11 | -0.07 | 60 | Commodities | BSMS vs PDBC | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.24 | -0.11 | -0.08 | 52 | Commodities | BSMS vs COMT | |
| ProShares UltraShort Yen | -0.23 | -0.31 | -0.35 | 72 | Leveraged Currency | BSMS vs YCS | |
| Invesco DB Commodity Index Tracking Fund | -0.23 | -0.10 | -0.06 | 59 | Commodities | BSMS vs DBC |
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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 McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.06, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.06 | -0.00 | -0.00 | 58 | Healthcare | |
| NVIDIA Corporation | -0.03 | 0.04 | 0.04 | 70 | Technology | |
| JPMorgan Chase & Co. | 0.03 | 0.06 | 0.02 | 71 | Financial Services | |
| Flex Ltd. | 0.03 | 0.10 | 0.07 | 95 | Technology | |
| Comfort Systems USA, Inc. | 0.03 | 0.10 | 0.06 | 98 | Industrials |
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Build a portfolio that complements BSMS
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