Looking to balance out your exposure to BXMT? The ETFs below have the lowest correlation with BXMT — they tend to move on their own, which can help reduce risk when BXMT drops. The stock ideas table highlights individual companies that behave independently from BXMT.
Best Diversifiers for BXMT
7 ETFs have low correlation with BXMT (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.07 | 0.15 | 0.15 | 56 | Derivative Income, Options Trading | BXMT vs NVDY | |
| YieldMax GOOGL Option Income Strategy ETF | 0.16 | 0.20 | 0.20 | 93 | Derivative Income | BXMT vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 0.23 | 0.27 | 0.37 | 89 | Nasdaq-100, Derivative Income | BXMT vs QYLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.24 | 0.29 | 0.39 | 76 | Nasdaq-100, Derivative Income | BXMT vs JEPQ | |
| Invesco QQQ ETF | 0.25 | 0.33 | 0.44 | 74 | Nasdaq-100 | BXMT vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BXMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BXMT and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.02, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.02 | 0.22 | 0.32 | 74 | Energy | |
| Altria Group, Inc. | -0.02 | 0.15 | 0.24 | 73 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.04 | 0.16 | 0.18 | 88 | Energy | |
| NVIDIA Corporation | 0.07 | 0.16 | 0.28 | 80 | Technology | |
| The Coca-Cola Company | 0.10 | 0.14 | 0.25 | 62 | Consumer Defensive |
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