Looking to diversify beyond BKCL.TO? The ETFs below have historically moved differently from BKCL.TO, 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 BKCL.TO
12 ETFs have low correlation with BKCL.TO (below 0.3), 4 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 -0.14, down from 0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.14 | 0.17 | — | 93 | Derivative Income, Energy Equities | BKCL.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.12 | — | — | 92 | Energy Equities, Derivative Income | BKCL.TO vs ENCL.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.08 | — | — | 67 | Utilities Equities, Derivative Income, Leveraged Equities | BKCL.TO vs UTES.TO | |
| Global X 0-3 Month T-Bill ETF | -0.05 | 0.00 | — | 99 | Canadian Government Bonds | BKCL.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | 0.01 | 0.03 | — | 100 | Money Market | BKCL.TO vs CASH.TO |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BKCL.TO
Add BKCL.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BKCL.TO