Looking to diversify beyond BKDV? The ETFs below have the lowest correlation with BKDV — 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 BKDV.
Best Diversifiers for BKDV
392 ETFs have low correlation with BKDV (below 0.3), 51 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.22 | — | — | 71 | Oil & Gas | BKDV vs DBE | |
| United States Oil Fund LP | -0.21 | -0.07 | -0.07 | 66 | Oil & Gas | BKDV vs USO | |
| United States Brent Oil Fund LP | -0.20 | -0.06 | -0.06 | 65 | Oil & Gas | BKDV vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.20 | -0.04 | -0.04 | 56 | Oil & Gas | BKDV vs OILK | |
| United States 12 Month Oil Fund LP | -0.19 | -0.04 | -0.04 | 56 | Oil & Gas | BKDV vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKDV and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amalgamated Financial Corp. | 0.57 | — | — | 74 | Financial Services |
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