Looking to balance out your exposure to BKKT? The ETFs below have historically moved differently from BKKT, 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 BKKT
0 ETFs have low correlation with BKKT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.44, roughly unchanged from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.44 | 0.43 | 0.44 | 67 | S&P 500 | BKKT vs SPY | |
| iShares Russell 2000 ETF | 0.51 | 0.51 | 0.51 | 79 | Small Cap Blend Equities | BKKT vs IWM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BKKT, 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 Syndax Pharmaceuticals, Inc. (SNDX) (Healthcare) with a 1Y correlation of 0.06, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Syndax Pharmaceuticals, Inc. | 0.06 | 0.24 | 0.25 | 86 | Healthcare | |
| Paymentus Holdings, Inc. | 0.09 | 0.23 | 0.34 | 58 | Technology | |
| Corpay, Inc. | 0.16 | 0.24 | 0.29 | 61 | Technology | |
| AnaptysBio, Inc. | 0.19 | 0.21 | 0.23 | 96 | Healthcare | |
| Compass, Inc. | 0.19 | 0.25 | 0.33 | 66 | Technology |
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