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
1880 ETFs have low correlation with BSMW (below 0.3), 115 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.15 | -0.14 | 58 | Oil & Gas | BSMW vs DBE | |
| Invesco DWA Energy Momentum ETF | -0.32 | -0.08 | — | 57 | Momentum, Energy Equities | BSMW vs PXI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | -0.14 | — | 57 | Commodities | BSMW vs GSG | |
| United States Gasoline Fund LP | -0.31 | -0.13 | — | 84 | Oil & Gas | BSMW vs UGA | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.30 | -0.13 | -0.12 | 53 | Commodities | BSMW vs COMT |
See all 2154 diversifiers for BSMW
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