Looking to diversify beyond BSMU? The ETFs below have the lowest correlation with BSMU — 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 BSMU.
Best Diversifiers for BSMU
1599 ETFs have low correlation with BSMU (below 0.3), 93 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.32 | -0.18 | -0.10 | 82 | Oil & Gas | BSMU vs UGA | |
| Invesco DB Energy Fund | -0.31 | -0.17 | -0.10 | 57 | Oil & Gas | BSMU vs DBE | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.29 | -0.16 | -0.08 | 52 | Commodities | BSMU vs COMT | |
| Invesco DB Commodity Index Tracking Fund | -0.28 | -0.14 | -0.06 | 59 | Commodities | BSMU vs DBC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.14 | -0.07 | 56 | Commodities | BSMU vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSMU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSMU and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | 0.02 | 0.05 | 70 | Technology | |
| McKesson Corporation | -0.01 | -0.02 | -0.01 | 58 | Healthcare | |
| Quanta Services, Inc. | 0.03 | 0.05 | 0.03 | 89 | Industrials | |
| JPMorgan Chase & Co. | 0.05 | 0.02 | -0.01 | 71 | Financial Services | |
| Credo Technology Group Holding Ltd | 0.05 | 0.06 | 0.04 | 83 | Technology |
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