Looking to diversify beyond BSMT? The ETFs below have the lowest correlation with BSMT — 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 BSMT.
Best Diversifiers for BSMT
1669 ETFs have low correlation with BSMT (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.32 | -0.35 | 63 | Leveraged Currency | BSMT vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.12 | -0.09 | 55 | Oil & Gas | BSMT vs UGA | |
| Bastion Energy ETF | -0.20 | -0.21 | -0.21 | 84 | Energy Equities | BSMT vs BESF | |
| Invesco S&P SmallCap Energy ETF | -0.16 | 0.01 | -0.05 | 57 | Energy Equities | BSMT vs PSCE | |
| Franklin Liberty Systematic Style Premia ETF | -0.15 | -0.03 | -0.04 | 56 | Long-Short | BSMT vs FLSP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSMT and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.02 | 0.10 | 0.07 | 99 | Technology | |
| NVIDIA Corporation | 0.01 | 0.06 | 0.08 | 72 | Technology | |
| D-Wave Quantum Inc | 0.03 | 0.06 | 0.03 | 64 | Technology | |
| Quanta Services, Inc. | 0.03 | 0.10 | 0.05 | 92 | Industrials | |
| General Electric Company | 0.04 | 0.06 | 0.04 | 78 | Industrials |
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