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
1845 ETFs have low correlation with BSMT (below 0.3), 123 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.32 | -0.35 | 61 | Leveraged Currency | BSMT vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.12 | -0.09 | 69 | Oil & Gas | BSMT vs UGA | |
| Invesco DB Energy Fund | -0.24 | -0.12 | -0.10 | 71 | Oil & Gas | BSMT vs DBE | |
| Invesco DB Oil Fund | -0.22 | -0.11 | -0.09 | 65 | Oil & Gas | BSMT vs DBO | |
| United States Brent Oil Fund LP | -0.22 | -0.11 | -0.10 | 65 | Oil & Gas | BSMT vs BNO |
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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 -0.04, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.04 | 0.08 | 0.06 | 99 | Technology | |
| D-Wave Quantum Inc | -0.02 | 0.06 | 0.02 | 59 | Technology | |
| NVIDIA Corporation | -0.02 | 0.06 | 0.08 | 78 | Technology | |
| Flex Ltd. | 0.01 | 0.11 | 0.08 | 98 | Technology | |
| First Solar, Inc. | 0.02 | 0.13 | 0.09 | 81 | Technology |
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