Looking to diversify beyond BKF? The ETFs below have historically moved differently from BKF, 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 BKF
522 ETFs have low correlation with BKF (below 0.3), 85 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.27 | — | 51 | Cryptocurrency | BKF vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | -0.35 | -0.35 | 69 | Derivative Income | BKF vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.02 | 0.08 | 66 | Oil & Gas | BKF vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.25 | -0.10 | -0.06 | 51 | Nontraditional Bonds | BKF vs RISR | |
| Invesco DB Oil Fund | -0.25 | -0.01 | 0.08 | 51 | Oil & Gas | BKF vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BKF, 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 Prologis, Inc. (PLD) (Real Estate) with a 1Y correlation of 0.25, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Prologis, Inc. | 0.25 | 0.30 | 0.30 | 91 | Real Estate |
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