Looking to diversify beyond BKGI? The ETFs below have the lowest correlation with BKGI — 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 BKGI.
Best Diversifiers for BKGI
994 ETFs have low correlation with BKGI (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.41, roughly unchanged from -0.42 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.41 | -0.42 | — | 51 | Currency | BKGI vs UUP | |
| ProShares UltraShort Yen | -0.34 | -0.28 | — | 72 | Leveraged Currency | BKGI vs YCS | |
| ProShares Short Bitcoin ETF | -0.17 | -0.20 | -0.21 | 57 | Cryptocurrency | BKGI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.17 | -0.20 | -0.20 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BKGI vs SBIT | |
| Invesco DB Energy Fund | -0.15 | -0.03 | — | 53 | Oil & Gas | BKGI vs DBE |
See all 2048 diversifiers for BKGI
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