Looking to balance out your exposure to BHK? The ETFs below have the lowest correlation with BHK — they tend to move on their own, which can help reduce risk when BHK drops. The stock ideas table highlights individual companies that behave independently from BHK.
Best Diversifiers for BHK
13 ETFs have low correlation with BHK (below 0.3), 3 of which are negatively correlated. The least correlated is USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) (Commodities) with a 1Y correlation of -0.19, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.19 | -0.06 | 0.01 | 74 | Commodities | BHK vs SDCI | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.17 | -0.08 | -0.01 | 100 | Government Bonds, Ultrashort Bond | BHK vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.04 | -0.00 | 100 | Ultrashort Bond | BHK vs SGOV | |
| BlackRock Floating Rate Loan ETF | 0.07 | 0.08 | — | 52 | Bank Loan | BHK vs BRLN | |
| Janus Henderson AAA CLO ETF | 0.08 | 0.08 | 0.04 | 98 | CLO | BHK vs JAAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BHK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BHK and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of 0.02, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.02 | 0.08 | 0.11 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.07 | 0.01 | — | 88 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.23 | 0.22 | 0.25 | 95 | Financial Services | |
| BlackRock Science and Technology Trust | 0.23 | 0.25 | 0.24 | 88 | Financial Services | |
| ING Groep N.V. | 0.25 | 0.25 | 0.13 | 84 | Financial Services |
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