Looking to diversify beyond BKNU? The ETFs below have the lowest correlation with BKNU — 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 BKNU.
Best Diversifiers for BKNU
2 ETFs have low correlation with BKNU (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ARM Daily ETF (ARMG) (Leveraged Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ARM Daily ETF | 0.14 | 0.14 | 0.14 | 71 | Leveraged Equities | BKNU vs ARMG | |
| Leverage Shares 2X Long ASML Daily ETF | 0.15 | 0.15 | 0.15 | 91 | Leveraged Equities | BKNU vs ASMG | |
| Innovator Growth Accelerated Plus ETF - April | 0.31 | 0.31 | 0.31 | 97 | Leveraged Equities | BKNU vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF | 0.31 | 0.31 | 0.31 | 98 | Leveraged Equities | BKNU vs XTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.35 | 0.35 | 0.35 | 72 | Leveraged Equities | BKNU vs XTJL |
Diversification Analysis
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