Looking to diversify beyond BKAG? The ETFs below have historically moved differently from BKAG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BKAG
957 ETFs have low correlation with BKAG (below 0.3), 120 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.48 | -0.50 | 56 | Leveraged Currency | BKAG vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.24 | -0.16 | 72 | Oil & Gas | BKAG vs DBE | |
| United States Brent Oil Fund LP | -0.43 | -0.23 | -0.16 | 52 | Oil & Gas | BKAG vs BNO | |
| Invesco DB Oil Fund | -0.42 | -0.23 | -0.15 | 58 | Oil & Gas | BKAG vs DBO | |
| United States Oil Fund LP | -0.41 | -0.23 | -0.16 | 55 | Oil & Gas | BKAG vs USO |
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