Looking to diversify beyond BKMS? The ETFs below have the lowest correlation with BKMS — 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 BKMS.
Best Diversifiers for BKMS
1727 ETFs have low correlation with BKMS (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco S&P SmallCap Energy ETF (PSCE) (Energy Equities) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P SmallCap Energy ETF | -0.30 | -0.30 | -0.30 | 56 | Energy Equities | BKMS vs PSCE | |
| First Trust Alternative Absolute Return Strategy E... | -0.29 | -0.29 | -0.29 | 77 | Commodities | BKMS vs FAAR | |
| Invesco Managed Futures Strategy ETF | -0.25 | -0.25 | -0.25 | 67 | Systematic Trend | BKMS vs IMF | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.24 | -0.24 | -0.24 | 58 | Commodities | BKMS vs FTGC | |
| Neuberger Berman Energy Transition & Infrastructur... | -0.23 | -0.23 | -0.23 | 51 | Energy Equities | BKMS vs NBET |
See all 1882 diversifiers for BKMS
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