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
6 ETFs have low correlation with BXMT (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Floating Rate Bond ETF (FLOT) (Ultrashort Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Bond ETF | 0.15 | 0.18 | 0.18 | 99 | Ultrashort Bond, Corporate Bonds | BXMT vs FLOT | |
| YieldMax GOOGL Option Income Strategy ETF | 0.19 | — | — | 92 | Derivative Income | BXMT vs GOOY | |
| Invesco QQQ ETF | 0.21 | 0.33 | 0.43 | 59 | Nasdaq-100 | BXMT vs QQQ | |
| Global X NASDAQ 100 Covered Call ETF | 0.22 | 0.30 | 0.41 | 85 | Nasdaq-100, Derivative Income | BXMT vs QYLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.22 | 0.32 | — | 64 | Nasdaq-100, Derivative Income | BXMT vs JEPQ |
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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 -0.05, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.05 | 0.21 | 0.32 | 70 | Energy | |
| Altria Group, Inc. | 0.03 | 0.15 | 0.24 | 74 | Consumer Defensive | |
| NVIDIA Corporation | 0.05 | 0.16 | 0.28 | 70 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | 0.05 | 0.15 | 0.18 | 75 | Energy | |
| Everpure, Inc. | 0.07 | 0.17 | 0.28 | 60 | Technology |
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