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
1735 ETFs have low correlation with BSMU (below 0.3), 101 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.16 | -0.09 | 71 | Oil & Gas | BSMU vs DBE | |
| United States Gasoline Fund LP | -0.32 | -0.17 | -0.10 | 69 | Oil & Gas | BSMU vs UGA | |
| United States Brent Oil Fund LP | -0.31 | -0.16 | -0.10 | 65 | Oil & Gas | BSMU vs BNO | |
| ProShares Ultra Bloomberg Crude Oil | -0.30 | -0.16 | -0.10 | 54 | Leveraged Commodities | BSMU vs UCO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.19 | -0.19 | 56 | Derivative Income | BSMU vs USOY |
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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 -0.08, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.08 | 0.01 | 0.04 | 78 | Technology | |
| Quanta Services, Inc. | 0.03 | 0.05 | 0.03 | 93 | Industrials | |
| Credo Technology Group Holding Ltd | 0.05 | 0.05 | 0.04 | 85 | Technology | |
| JPMorgan Chase & Co. | 0.06 | 0.01 | -0.01 | 59 | Financial Services | |
| D-Wave Quantum Inc | 0.06 | 0.11 | 0.06 | 59 | Technology |
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