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
12 ETFs have low correlation with BKCC.TO (below 0.3), 6 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.12, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.12 | 0.20 | 0.24 | 77 | Derivative Income, Energy Equities | BKCC.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.11 | — | — | 76 | Energy Equities, Derivative Income | BKCC.TO vs ENCL.TO | |
| Hamilton Energy YIELD MAXIMIZER ETF | -0.07 | 0.11 | 0.11 | 51 | Energy Equities, Derivative Income | BKCC.TO vs EMAX.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.06 | — | — | 86 | Derivative Income | BKCC.TO vs UTES.TO | |
| Global X High Interest Savings ETF | -0.05 | 0.02 | — | 99 | Money Market | BKCC.TO vs CASH.TO |
See all 55 diversifiers for BKCC.TO
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