Looking to balance out your exposure to BKE? The ETFs below have the lowest correlation with BKE — they tend to move on their own, which can help reduce risk when BKE drops. The stock ideas table highlights individual companies that behave independently from BKE.
Best Diversifiers for BKE
0 ETFs have low correlation with BKE (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 0.30, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.30 | 0.42 | 0.47 | 59 | S&P 500 | BKE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.42 | 0.48 | 59 | S&P 500 | BKE vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.32 | 0.45 | 0.50 | 77 | Dividend | BKE vs SCHD | |
| Invesco S&P Ultra Dividend Revenue ETF | 0.39 | 0.51 | 0.51 | 78 | Mid Cap Value Equities, Dividend | BKE vs RDIV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKE and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.01 | 0.08 | 0.15 | 72 | Consumer Defensive | |
| AbbVie Inc. | 0.02 | 0.10 | 0.15 | 75 | Healthcare | |
| Lockheed Martin Corporation | 0.08 | 0.10 | 0.11 | 51 | Industrials | |
| Cisco Systems, Inc. | 0.12 | 0.23 | 0.31 | 93 | Technology | |
| Clearway Energy, Inc. | 0.13 | 0.22 | 0.25 | 65 | Utilities |
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