Looking to balance out your exposure to BKNG? The ETFs below have the lowest correlation with BKNG — they tend to move on their own, which can help reduce risk when BKNG drops. The stock ideas table highlights individual companies that behave independently from BKNG.
Best Diversifiers for BKNG
128 ETFs have low correlation with BKNG (below 0.3), 5 of which are negatively correlated. The least correlated is Global X MLP & Energy Infrastructure ETF (MLPX) (MLPs) with a 1Y correlation of -0.10, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP & Energy Infrastructure ETF | -0.10 | 0.12 | 0.28 | 55 | MLPs | BKNG vs MLPX | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | -0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | BKNG vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.02 | -0.01 | 100 | Ultrashort Bond | BKNG vs SGOV | |
| Alpha Architect 1-3 Month Box ETF | -0.03 | 0.02 | — | 100 | Ultrashort Bond | BKNG vs BOXX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.00 | -0.06 | -0.01 | 100 | Government Bonds, Ultrashort Bond | BKNG vs BIL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKNG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKNG and solid risk/return profiles. The least correlated is BP p.l.c. (BP) (Energy) with a 1Y correlation of -0.20, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | -0.20 | -0.01 | 0.15 | 77 | Energy | |
| EOG Resources, Inc. | -0.20 | -0.01 | 0.14 | 57 | Energy | |
| Chevron Corporation | -0.19 | 0.00 | 0.15 | 70 | Energy | |
| Apache Corporation | -0.18 | -0.02 | 0.17 | 87 | Energy | |
| ConocoPhillips Company | -0.17 | 0.01 | 0.14 | 65 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BKNG
Add BKNG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BKNG