Looking to diversify beyond BKCN.L? The ETFs below have the lowest correlation with BKCN.L — 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 BKCN.L.
Best Diversifiers for BKCN.L
2 ETFs have low correlation with BKCN.L (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Physical Silver (PHSP.L) (Silver) with a 1Y correlation of 0.19, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Physical Silver | 0.19 | 0.15 | 0.17 | 56 | Silver, Precious Metals | BKCN.L vs PHSP.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF US... | 0.30 | 0.35 | 0.35 | 57 | Large Cap Blend Equities, Dividend | BKCN.L vs DGRA.L | |
| WisdomTree S&P 500 3x Daily Leveraged GB | 0.55 | 0.54 | — | 65 | Leveraged Equities, S&P 500 | BKCN.L vs 3USL.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | 0.58 | 0.53 | 0.55 | 69 | Nasdaq-100, Leveraged Equities | BKCN.L vs QQQ3.L |
Diversification Analysis
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