Looking to diversify beyond BSMV? The ETFs below have the lowest correlation with BSMV — 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 BSMV.
Best Diversifiers for BSMV
1579 ETFs have low correlation with BSMV (below 0.3), 61 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.33 | -0.34 | 73 | Leveraged Currency | BSMV vs YCS | |
| United States Gasoline Fund LP | -0.30 | -0.11 | — | 60 | Oil & Gas | BSMV vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.05 | — | 77 | Commodities | BSMV vs FAAR | |
| VanEck Commodity Strategy ETF | -0.26 | -0.09 | — | 59 | Commodities | BSMV vs PIT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.24 | -0.08 | — | 58 | Commodities | BSMV vs FTGC |
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