Looking to diversify beyond BKAG? The ETFs below have the lowest correlation with BKAG — 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 BKAG.
Best Diversifiers for BKAG
988 ETFs have low correlation with BKAG (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.48 | -0.51 | 63 | Leveraged Currency | BKAG vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.20 | -0.14 | 55 | Oil & Gas | BKAG vs UGA | |
| Fidelity Managed Futures ETF | -0.31 | — | — | 64 | Systematic Trend | BKAG vs FFUT | |
| VanEck Commodity Strategy ETF | -0.26 | -0.10 | — | 57 | Commodities | BKAG vs PIT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.25 | -0.09 | — | 50 | Commodities | BKAG vs CMDT |
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