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
1854 ETFs have low correlation with BSMW (below 0.3), 134 of which are negatively correlated. The least correlated is Texas Capital Texas Oil Index ETF (OILT) (Energy Equities) with a 1Y correlation of -0.35, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Texas Capital Texas Oil Index ETF | -0.35 | -0.15 | -0.15 | 51 | Energy Equities | BSMW vs OILT | |
| Invesco DWA Energy Momentum ETF | -0.35 | -0.09 | -0.11 | 63 | Momentum, Energy Equities | BSMW vs PXI | |
| First Trust Energy AlphaDEX Fund | -0.34 | -0.10 | — | 67 | Energy Equities | BSMW vs FXN | |
| ProShares Ultra Bloomberg Crude Oil | -0.34 | -0.16 | -0.14 | 54 | Leveraged Commodities | BSMW vs UCO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.34 | -0.15 | — | 71 | Commodities | BSMW vs GSG |
See all 2114 diversifiers for BSMW
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