Looking to diversify beyond BKIE? The ETFs below have historically moved differently from BKIE, 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 BKIE
267 ETFs have low correlation with BKIE (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.32 | — | 61 | Cryptocurrency | BKIE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BKIE vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 52 | Inverse Equities | BKIE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 61 | Inverse Equities, Leveraged Equities | BKIE vs MSTZ | |
| ProShares UltraShort Yen | -0.38 | -0.28 | -0.24 | 56 | Leveraged Currency | BKIE vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BKIE, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.07, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.07 | 0.30 | 0.45 | 61 | Financial Services | |
| Apple Inc | 0.35 | 0.37 | 0.48 | 89 | Technology | |
| D-Wave Quantum Inc | 0.35 | 0.31 | — | 50 | Technology | |
| NVIDIA Corporation | 0.38 | 0.37 | 0.48 | 56 | Technology | |
| Amazon.com, Inc | 0.42 | 0.39 | 0.48 | 60 | Consumer Cyclical |
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