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
305 ETFs have low correlation with BKMC (below 0.3), 50 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.03 | 0.12 | 71 | Oil & Gas | BKMC vs DBE | |
| United States Oil Fund LP | -0.28 | -0.03 | 0.11 | 66 | Oil & Gas | BKMC vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.02 | 0.11 | 65 | Oil & Gas | BKMC vs BNO | |
| United States Gasoline Fund LP | -0.25 | -0.03 | 0.11 | 71 | Oil & Gas | BKMC vs UGA | |
| United States 12 Month Oil Fund LP | -0.24 | 0.01 | 0.14 | 56 | Oil & Gas | BKMC vs USL |
See all 1951 diversifiers for BKMC
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