Looking to balance out your exposure to BKH? The ETFs below have the lowest correlation with BKH — they tend to move on their own, which can help reduce risk when BKH drops. The stock ideas table highlights individual companies that behave independently from BKH.
Best Diversifiers for BKH
5 ETFs have low correlation with BKH (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 0.11, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.11 | 0.21 | 0.29 | 70 | S&P 500 | BKH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.11 | 0.21 | 0.29 | 70 | S&P 500 | BKH vs SPY | |
| Global X Russell 2000 Covered Call ETF | 0.15 | 0.30 | 0.32 | 66 | Hedge Fund | BKH vs RYLD | |
| Vanguard Emerging Markets Government Bond ETF | 0.20 | 0.28 | 0.26 | 60 | Emerging Markets Bonds | BKH vs VWOB | |
| Schwab U.S. Dividend Equity ETF | 0.27 | 0.47 | 0.50 | 80 | Dividend | BKH vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKH and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.12, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.12 | -0.12 | -0.04 | 78 | Technology | |
| Palo Alto Networks, Inc. | -0.07 | 0.01 | 0.04 | 67 | Technology | |
| Repsol SA | -0.04 | 0.08 | 0.14 | 95 | Energy | |
| Amazon.com, Inc | -0.03 | -0.00 | 0.06 | 60 | Consumer Cyclical | |
| CrowdStrike Holdings, Inc. | -0.03 | -0.02 | 0.00 | 70 | Technology |
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