Looking to diversify beyond BCTK? The ETFs below have the lowest correlation with BCTK — 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 BCTK.
Best Diversifiers for BCTK
314 ETFs have low correlation with BCTK (below 0.3), 44 of which are negatively correlated. The least correlated is Westwood Salient Enhanced Midstream Income ETF (MDST) (Energy Equities) with a 1Y correlation of -0.24, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Westwood Salient Enhanced Midstream Income ETF | -0.24 | -0.24 | -0.24 | 55 | Energy Equities | BCTK vs MDST | |
| Global X MLP & Energy Infrastructure ETF | -0.17 | -0.17 | -0.17 | 55 | MLPs | BCTK vs MLPX | |
| Invesco SteelPath MLP & Energy Infrastructure ETF | -0.17 | -0.17 | -0.17 | 72 | Energy Equities | BCTK vs PIPE | |
| First Trust North American Energy Infrastructure F... | -0.17 | -0.17 | -0.17 | 70 | MLPs | BCTK vs EMLP | |
| Neuberger Berman Energy Transition & Infrastructur... | -0.17 | -0.17 | -0.17 | 51 | Energy Equities | BCTK vs NBET |
See all 1918 diversifiers for BCTK
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