Looking to diversify beyond BKMS? The ETFs below have historically moved differently from BKMS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BKMS
1952 ETFs have low correlation with BKMS (below 0.3), 108 of which are negatively correlated. The least correlated is Invesco S&P SmallCap Energy ETF (PSCE) (Energy Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P SmallCap Energy ETF | -0.29 | -0.29 | -0.29 | 74 | Energy Equities | BKMS vs PSCE | |
| Westwood Salient Enhanced Energy Income ETF | -0.29 | -0.29 | -0.29 | 73 | Energy Equities | BKMS vs WEEI | |
| First Trust Nasdaq Oil & Gas ETF | -0.29 | -0.29 | -0.29 | 52 | Energy Equities | BKMS vs FTXN | |
| Invesco DB Energy Fund | -0.28 | -0.28 | -0.28 | 53 | Oil & Gas | BKMS vs DBE | |
| State Street Energy Select Sector SPDR Premium Inc... | -0.28 | -0.28 | -0.28 | 87 | Energy Equities | BKMS vs XLEI |
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