Looking to balance out your exposure to BKD? The ETFs below have the lowest correlation with BKD — they tend to move on their own, which can help reduce risk when BKD drops. The stock ideas table highlights individual companies that behave independently from BKD.
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 Russell 3000 ETF (VTHR) (Large Cap Blend Equities) with a 1Y correlation of 0.20, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Russell 3000 ETF | 0.20 | 0.30 | 0.37 | 67 | Large Cap Blend Equities | BKD vs VTHR | |
| Vanguard S&P 500 ETF | 0.21 | 0.28 | 0.35 | 70 | S&P 500 | BKD vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKD and solid risk/return profiles. The least correlated is AXT, Inc. (AXTI) (Technology) with a 1Y correlation of 0.00, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXT, Inc. | 0.00 | 0.15 | 0.22 | 99 | Technology | |
| Commercial International Bank | 0.10 | 0.08 | 0.07 | 82 | Financial Services | |
| Elbit Systems Ltd | 0.12 | 0.13 | 0.16 | 88 | Industrials | |
| ASML Holding N.V. | 0.12 | 0.16 | 0.21 | 94 | Technology | |
| Credicorp Ltd. | 0.12 | 0.18 | 0.26 | 80 | Financial Services |
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