Looking to diversify beyond BKMC? The ETFs below have the lowest correlation with BKMC — 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 BKMC.
Best Diversifiers for BKMC
261 ETFs have low correlation with BKMC (below 0.3), 48 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.37 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.37 | — | 57 | Cryptocurrency | BKMC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | BKMC vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 68 | Inverse Equities, Leveraged Equities | BKMC vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 60 | Inverse Equities | BKMC vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | -0.42 | -0.42 | 70 | Derivative Income | BKMC vs WNTR |
See all 1815 diversifiers for BKMC
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