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
1758 ETFs have low correlation with BSMT (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.32 | -0.35 | 72 | Leveraged Currency | BSMT vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.12 | -0.08 | 82 | Oil & Gas | BSMT vs UGA | |
| Invesco DB Energy Fund | -0.24 | -0.11 | -0.09 | 57 | Oil & Gas | BSMT vs DBE | |
| Bastion Energy ETF | -0.19 | — | — | 87 | Energy Equities | BSMT vs BESF | |
| State Street Energy Select Sector SPDR ETF | -0.19 | -0.02 | -0.07 | 54 | Energy Equities | BSMT vs XLE |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | 0.06 | 0.08 | 70 | Technology | |
| Micron Technology, Inc. | 0.02 | 0.10 | 0.07 | 99 | Technology | |
| McKesson Corporation | 0.04 | 0.01 | 0.01 | 58 | Healthcare | |
| D-Wave Quantum Inc | 0.04 | 0.06 | 0.03 | 55 | Technology | |
| General Electric Company | 0.05 | 0.06 | 0.04 | 76 | Industrials |
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