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
1890 ETFs have low correlation with BKMS (below 0.3), 113 of which are negatively correlated. The least correlated is iShares U.S. Energy ETF (IYE) (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 |
|---|---|---|---|---|---|---|---|
| iShares U.S. Energy ETF | -0.30 | -0.30 | -0.30 | 55 | Energy Equities | BKMS vs IYE | |
| First Trust Energy AlphaDEX Fund | -0.29 | -0.29 | -0.29 | 59 | Energy Equities | BKMS vs FXN | |
| Fidelity MSCI Energy Index ETF | -0.29 | -0.29 | -0.29 | 56 | Energy Equities | BKMS vs FENY | |
| State Street Energy Select Sector SPDR ETF | -0.28 | -0.28 | -0.28 | 55 | Energy Equities | BKMS vs XLE | |
| Invesco Managed Futures Strategy ETF | -0.27 | -0.27 | -0.27 | 76 | Systematic Trend | BKMS vs IMF |
See all 2052 diversifiers for BKMS
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