Looking to diversify beyond BSMW? The ETFs below have historically moved differently from BSMW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BSMW
1932 ETFs have low correlation with BSMW (below 0.3), 111 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.17 | — | 53 | Oil & Gas | BSMW vs DBE | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.34 | -0.13 | — | 50 | Energy Equities | BSMW vs XOP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.34 | -0.16 | -0.13 | 50 | Commodities | BSMW vs GSG | |
| United States Gasoline Fund, LP | -0.33 | -0.14 | -0.13 | 74 | Oil & Gas | BSMW vs UGA | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.33 | — | — | 64 | Leveraged Equities | BSMW vs NRGU |
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