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
1473 ETFs have low correlation with BSMU (below 0.3), 56 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 | -0.17 | -0.10 | 60 | Oil & Gas | BSMU vs UGA | |
| ProShares UltraShort Yen | -0.28 | -0.32 | -0.34 | 73 | Leveraged Currency | BSMU vs YCS | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.08 | -0.06 | 77 | Commodities | BSMU vs FAAR | |
| VanEck Commodity Strategy ETF | -0.23 | -0.11 | — | 59 | Commodities | BSMU vs PIT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.19 | — | — | 54 | Commodities | BSMU vs CERY |
To view more results, upgrade your current subscription plan.
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 -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.02 | 0.05 | 70 | Technology | |
| Quanta Services, Inc. | 0.03 | 0.06 | 0.03 | 92 | Industrials | |
| Credo Technology Group Holding Ltd | 0.06 | 0.06 | 0.04 | 86 | Technology | |
| JPMorgan Chase & Co. | 0.06 | 0.02 | -0.01 | 68 | Financial Services | |
| Celestica Inc. | 0.07 | 0.04 | 0.04 | 88 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BSMU
Add BSMU to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BSMU