Looking to balance out your exposure to BKKT? The ETFs below have the lowest correlation with BKKT — they tend to move on their own, which can help reduce risk when BKKT drops. The stock ideas table highlights individual companies that behave independently from BKKT.
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 0.42, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.42 | 0.43 | 0.44 | 70 | S&P 500 | BKKT vs SPY | |
| iShares Russell 2000 ETF | 0.52 | 0.51 | 0.51 | 62 | Small Cap Blend Equities | BKKT vs IWM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKKT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKKT and solid risk/return profiles. The least correlated is Compass, Inc. (COMP) (Technology) with a 1Y correlation of 0.19, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Compass, Inc. | 0.19 | 0.25 | 0.33 | 54 | Technology | |
| Ducommun Incorporated | 0.20 | 0.22 | 0.22 | 93 | Industrials | |
| Opendoor Technologies Inc. | 0.21 | 0.29 | 0.37 | 96 | Real Estate | |
| Oscar Health, Inc. | 0.21 | 0.21 | 0.31 | 59 | Healthcare | |
| AnaptysBio, Inc. | 0.22 | 0.21 | 0.23 | 94 | Healthcare |
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