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
173 ETFs have low correlation with BKNG (below 0.3), 16 of which are negatively correlated. The least correlated is iShares Global Energy ETF (IXC) (Energy Equities) with a 1Y correlation of -0.18, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Energy ETF | -0.18 | 0.05 | 0.22 | 76 | Energy Equities | BKNG vs IXC | |
| State Street Energy Select Sector SPDR ETF | -0.17 | 0.05 | 0.21 | 63 | Energy Equities | BKNG vs XLE | |
| Vanguard Energy ETF | -0.16 | 0.06 | 0.22 | 64 | Energy Equities | BKNG vs VDE | |
| Fidelity MSCI Energy Index ETF | -0.16 | 0.06 | 0.22 | 64 | Energy Equities | BKNG vs FENY | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | -0.03 | 0.10 | 75 | Commodities | BKNG vs DBC |
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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 | 87 | Energy | |
| EOG Resources, Inc. | -0.19 | -0.00 | 0.13 | 69 | Energy | |
| Chevron Corporation | -0.18 | 0.02 | 0.16 | 83 | Energy | |
| Apache Corporation | -0.18 | -0.00 | 0.18 | 90 | Energy | |
| ConocoPhillips Company | -0.16 | 0.02 | 0.15 | 76 | Energy |
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