Looking to diversify beyond BKCC.TO? The ETFs below have the lowest correlation with BKCC.TO — 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 BKCC.TO.
Best Diversifiers for BKCC.TO
17 ETFs have low correlation with BKCC.TO (below 0.3), 7 of which are negatively correlated. The least correlated is CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) (Energy Equities) with a 1Y correlation of -0.10, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.10 | 0.18 | 0.22 | 73 | Energy Equities, Derivative Income | BKCC.TO vs NXF.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.09 | 0.21 | 0.25 | 85 | Derivative Income, Energy Equities | BKCC.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.08 | — | — | 85 | Oil & Gas, Derivative Income | BKCC.TO vs ENCL.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.05 | — | — | 75 | Derivative Income | BKCC.TO vs UTES.TO | |
| Hamilton Energy YIELD MAXIMIZER ETF | -0.05 | — | — | 70 | Energy Equities, Derivative Income | BKCC.TO vs EMAX.TO |
See all 56 diversifiers for BKCC.TO
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