Looking to diversify beyond BSMT? The ETFs below have historically moved differently from BSMT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BSMT
2015 ETFs have low correlation with BSMT (below 0.3), 107 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.33 | -0.35 | 59 | Leveraged Currency | BSMT vs YCS | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.27 | -0.37 | -0.38 | 51 | Nontraditional Bonds | BSMT vs RISR | |
| United States Gasoline Fund, LP | -0.26 | -0.12 | -0.08 | 83 | Oil & Gas | BSMT vs UGA | |
| Invesco DB Energy Fund | -0.25 | -0.12 | -0.09 | 66 | Oil & Gas | BSMT vs DBE | |
| YieldMax XOM Option Income Strategy ETF | -0.23 | -0.05 | -0.05 | 52 | Derivative Income, Dividend | BSMT vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BSMT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of 0.00, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | 0.00 | 0.01 | 0.01 | 62 | Healthcare | |
| Cencora Inc. | 0.01 | 0.07 | 0.03 | 50 | Healthcare | |
| Micron Technology, Inc. | 0.02 | 0.09 | 0.07 | 99 | Technology | |
| NVIDIA Corporation | 0.04 | 0.05 | 0.08 | 61 | Technology | |
| Quanta Services, Inc. | 0.06 | 0.10 | 0.06 | 87 | Industrials |
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