Looking to diversify beyond BKLN? The ETFs below have the lowest correlation with BKLN — 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 BKLN.
Best Diversifiers for BKLN
618 ETFs have low correlation with BKLN (below 0.3), 87 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BKLN vs SBIT | |
| ProShares Short Bitcoin ETF | -0.32 | -0.26 | -0.30 | 57 | Cryptocurrency | BKLN vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | -0.30 | -0.30 | 68 | Inverse Equities, Leveraged Equities | BKLN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | -0.30 | -0.30 | 60 | Inverse Equities | BKLN vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | -0.30 | -0.30 | 70 | Derivative Income | BKLN vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKLN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKLN and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | -0.00 | 0.12 | 81 | Consumer Defensive | |
| The Southern Company | -0.18 | 0.04 | 0.11 | 58 | Utilities | |
| Duke Energy Corporation | -0.17 | 0.02 | 0.10 | 66 | Utilities | |
| The Coca-Cola Company | -0.15 | 0.04 | 0.16 | 83 | Consumer Defensive | |
| PepsiCo, Inc. | -0.14 | 0.06 | 0.17 | 53 | Consumer Defensive |
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