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
1985 ETFs have low correlation with BKMS (below 0.3), 189 of which are negatively correlated. The least correlated is Invesco S&P SmallCap Energy ETF (PSCE) (Energy 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 |
|---|---|---|---|---|---|---|---|
| Invesco S&P SmallCap Energy ETF | -0.33 | -0.33 | -0.33 | 78 | Energy Equities | BKMS vs PSCE | |
| Vanguard Energy ETF | -0.31 | -0.31 | -0.31 | 71 | Energy Equities | BKMS vs VDE | |
| Westwood Salient Enhanced Energy Income ETF | -0.31 | -0.31 | -0.31 | 80 | Energy Equities | BKMS vs WEEI | |
| State Street Energy Select Sector SPDR ETF | -0.30 | -0.30 | -0.30 | 70 | Energy Equities | BKMS vs XLE | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.30 | -0.30 | -0.30 | 64 | Leveraged Equities | BKMS vs NRGU |
See all 2143 diversifiers for BKMS
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