Looking to diversify beyond BKMI? The ETFs below have the lowest correlation with BKMI — 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 BKMI.
Best Diversifiers for BKMI
653 ETFs have low correlation with BKMI (below 0.3), 61 of which are negatively correlated. The least correlated is ProShares Ultra Oil & Gas (DIG) (Leveraged Equities) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Oil & Gas | -0.33 | -0.33 | -0.33 | 53 | Leveraged Equities | BKMI vs DIG | |
| iShares U.S. Energy ETF | -0.32 | -0.32 | -0.32 | 60 | Energy Equities | BKMI vs IYE | |
| Vanguard Energy ETF | -0.32 | -0.32 | -0.32 | 60 | Energy Equities | BKMI vs VDE | |
| DoubleLine Commodity Strategy ETF | -0.31 | -0.31 | -0.31 | 52 | Commodities | BKMI vs DCMT | |
| Fidelity MSCI Energy Index ETF | -0.31 | -0.31 | -0.31 | 60 | Energy Equities | BKMI vs FENY |
See all 1986 diversifiers for BKMI
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