Looking to diversify beyond BSMY? The ETFs below have the lowest correlation with BSMY — 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 BSMY.
Best Diversifiers for BSMY
1501 ETFs have low correlation with BSMY (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.32 | -0.32 | 73 | Leveraged Currency | BSMY vs YCS | |
| United States Gasoline Fund LP | -0.27 | -0.20 | -0.20 | 69 | Oil & Gas | BSMY vs UGA | |
| Bastion Energy ETF | -0.25 | — | — | 85 | Energy Equities | BSMY vs BESF | |
| Invesco S&P 500 Equal Weight Energy ETF | -0.24 | — | — | 55 | Energy Equities, S&P 500, Equal Weight | BSMY vs RSPG | |
| First Trust Energy AlphaDEX Fund | -0.24 | — | — | 54 | Energy Equities | BSMY vs FXN |
See all 2062 diversifiers for BSMY
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