Looking to diversify beyond BKLN? The ETFs below have historically moved differently from BKLN, 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 BKLN
735 ETFs have low correlation with BKLN (below 0.3), 115 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.31 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BKLN vs SBIT | |
| ProShares Short Bitcoin ETF | -0.31 | -0.27 | — | 61 | Cryptocurrency | BKLN vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 61 | Inverse Equities, Leveraged Equities | BKLN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 52 | Inverse Equities | BKLN vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.25 | — | — | 75 | Derivative Income | BKLN vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BKLN, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.00 | 0.12 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.18 | 0.02 | 0.09 | 97 | Healthcare | |
| PepsiCo, Inc. | -0.17 | 0.05 | 0.16 | 50 | Consumer Defensive | |
| The Coca-Cola Company | -0.16 | 0.03 | 0.15 | 90 | Consumer Defensive | |
| Duke Energy Corporation | -0.16 | 0.02 | 0.10 | 56 | Utilities |
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