Looking to balance out your exposure to BKR? The ETFs below have the lowest correlation with BKR — they tend to move on their own, which can help reduce risk when BKR drops. The stock ideas table highlights individual companies that behave independently from BKR.
Best Diversifiers for BKR
10 ETFs have low correlation with BKR (below 0.3), 4 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.15, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.15 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | BKR vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.13 | -0.04 | -0.04 | 100 | Government Bonds, Ultrashort Bond | BKR vs SHV | |
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.04 | -0.03 | 100 | Ultrashort Bond | BKR vs SGOV | |
| JPMorgan Ultra-Short Income ETF | -0.02 | 0.02 | -0.00 | 99 | Ultrashort Bond | BKR vs JPST | |
| Global X Artificial Intelligence & Technology ETF | 0.18 | 0.24 | 0.27 | 63 | Technology Equities | BKR vs AIQ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKR and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.12 | 0.02 | 0.07 | 70 | Utilities | |
| Duke Energy Corporation | -0.09 | 0.05 | 0.09 | 67 | Utilities | |
| Exelon Corporation | -0.06 | 0.07 | 0.13 | 64 | Utilities | |
| The Southern Company | -0.04 | 0.07 | 0.10 | 59 | Utilities | |
| Halozyme Therapeutics, Inc. | -0.00 | 0.11 | 0.16 | 74 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BKR
Add BKR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BKR