Looking to diversify beyond BKIE? The ETFs below have the lowest correlation with BKIE — 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 BKIE.
Best Diversifiers for BKIE
236 ETFs have low correlation with BKIE (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.28 | -0.23 | 75 | Leveraged Currency | BKIE vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 53 | Inverse Equities | BKIE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 60 | Inverse Equities, Leveraged Equities | BKIE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 65 | Derivative Income | BKIE vs WNTR | |
| United States Gasoline Fund LP | -0.28 | -0.07 | 0.08 | 72 | Oil & Gas | BKIE vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKIE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKIE and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.32, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.32 | 0.32 | 0.42 | 90 | Technology | |
| NVIDIA Corporation | 0.34 | 0.37 | 0.48 | 69 | Technology | |
| D-Wave Quantum Inc | 0.34 | 0.30 | 0.25 | 57 | Technology | |
| Broadcom Inc. | 0.39 | 0.40 | 0.48 | 73 | Technology | |
| Amazon.com, Inc | 0.40 | 0.40 | 0.48 | 55 | Consumer Cyclical |
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