Looking to diversify beyond BKLC? The ETFs below have the lowest correlation with BKLC — 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 BKLC.
Best Diversifiers for BKLC
364 ETFs have low correlation with BKLC (below 0.3), 67 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.50, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.50 | -0.47 | -0.47 | 65 | Inverse Equities, Leveraged Equities | BKLC vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.50 | -0.48 | -0.48 | 56 | Inverse Equities | BKLC vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.48 | -0.50 | -0.50 | 70 | Derivative Income | BKLC vs WNTR | |
| ProShares Short Bitcoin ETF | -0.47 | -0.38 | -0.39 | 53 | Cryptocurrency | BKLC vs BITI | |
| Invesco DB Energy Fund | -0.27 | -0.07 | 0.08 | 57 | Oil & Gas | BKLC vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKLC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKLC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.03 | 0.11 | 78 | Consumer Defensive | |
| The Coca-Cola Company | -0.23 | 0.01 | 0.19 | 82 | Consumer Defensive | |
| Duke Energy Corporation | -0.21 | -0.04 | 0.08 | 65 | Utilities | |
| Exxon Mobil Corporation | -0.19 | 0.03 | 0.19 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.17 | 0.07 | 0.20 | 64 | Energy |
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