Looking to diversify beyond BSMW? The ETFs below have the lowest correlation with BSMW — 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 BSMW.
Best Diversifiers for BSMW
1724 ETFs have low correlation with BSMW (below 0.3), 86 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.31 | -0.13 | — | 55 | Oil & Gas | BSMW vs UGA | |
| Invesco S&P SmallCap Energy ETF | -0.30 | -0.08 | — | 57 | Energy Equities | BSMW vs PSCE | |
| Bastion Energy ETF | -0.28 | — | — | 84 | Energy Equities | BSMW vs BESF | |
| ProShares UltraShort Yen | -0.28 | -0.30 | — | 63 | Leveraged Currency | BSMW vs YCS | |
| VanEck Commodity Strategy ETF | -0.26 | -0.10 | — | 57 | Commodities | BSMW vs PIT |
See all 1949 diversifiers for BSMW
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