Looking to diversify beyond BSTP? The ETFs below have the lowest correlation with BSTP — 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 BSTP.
Best Diversifiers for BSTP
379 ETFs have low correlation with BSTP (below 0.3), 78 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 -0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.09 | — | 71 | Oil & Gas | BSTP vs DBE | |
| United States Oil Fund LP | -0.32 | -0.09 | — | 66 | Oil & Gas | BSTP vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.08 | — | 65 | Oil & Gas | BSTP vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | BSTP vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.05 | — | 55 | Oil & Gas | BSTP vs OILK |
See all 2114 diversifiers for BSTP
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