Looking to balance out your exposure to BKD? The ETFs below have historically moved differently from BKD, 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 BKD
2 ETFs have low correlation with BKD (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.17, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.17 | 0.26 | 0.34 | 68 | S&P 500 | BKD vs VOO | |
| Vanguard Russell 3000 ETF | 0.18 | 0.28 | 0.36 | 66 | Large Cap Blend Equities | BKD vs VTHR |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BKD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AXT, Inc. (AXTI) (Technology) with a 1Y correlation of -0.01, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXT, Inc. | -0.01 | 0.11 | 0.20 | 99 | Technology | |
| Seagate Technology plc | 0.06 | 0.14 | 0.21 | 99 | Technology | |
| Elbit Systems Ltd. | 0.06 | 0.10 | 0.14 | 85 | Industrials | |
| ASML Holding N.V. | 0.06 | 0.13 | 0.18 | 96 | Technology | |
| Western Digital Corporation | 0.09 | 0.15 | 0.24 | 99 | Technology |
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