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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

502 ETFs have low correlation with BKLN (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.19, down from -0.05 over 5 years.


See all 2077 diversifiers for BKLN

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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 -0.15, down from 0.14 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Altria Group, Inc.-0.150.040.14
70
Consumer Defensive
The Southern Company-0.140.050.11
55
Utilities
ConocoPhillips Company-0.100.090.20
61
Energy
PepsiCo, Inc.-0.100.070.17
59
Consumer Defensive
The Coca-Cola Company-0.090.050.16
74
Consumer Defensive
See all 129 low-correlation stocks for BKLN

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Diversification Analysis

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