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
584 ETFs have low correlation with BKMI (below 0.3), 87 of which are negatively correlated. The least correlated is Strive U.S. Energy ETF (DRLL) (Energy Equities) with a 1Y correlation of -0.37, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Strive U.S. Energy ETF | -0.37 | -0.37 | -0.37 | 55 | Energy Equities | BKMI vs DRLL | |
| Invesco DB Energy Fund | -0.37 | -0.37 | -0.37 | 71 | Oil & Gas | BKMI vs DBE | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.36 | -0.36 | -0.36 | 58 | Leveraged Equities | BKMI vs NRGU | |
| Texas Capital Texas Oil Index ETF | -0.36 | -0.36 | -0.36 | 51 | Energy Equities | BKMI vs OILT | |
| Direxion Daily Energy Bull 2X Shares | -0.35 | -0.35 | -0.35 | 61 | Leveraged Equities | BKMI vs ERX |
See all 2097 diversifiers for BKMI
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