Looking to diversify beyond BKCL.TO? The ETFs below have the lowest correlation with BKCL.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 BKCL.TO.
Best Diversifiers for BKCL.TO
10 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 -0.13, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.13 | 0.17 | — | 89 | Derivative Income, Energy Equities | BKCL.TO vs ENCC.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.10 | — | — | 78 | Derivative Income | BKCL.TO vs UTES.TO | |
| Global X 0-3 Month T-Bill ETF | -0.04 | 0.00 | — | 99 | Canadian Government Bonds | BKCL.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | -0.01 | 0.03 | 0.04 | 100 | Money Market | BKCL.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.04 | 0.03 | 0.04 | 64 | Money Market | BKCL.TO vs HSAV.TO |
See all 66 diversifiers for BKCL.TO
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Diversification Analysis
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