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 iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of -0.13, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | -0.13 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BKR vs SHV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BKR vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.03 | -0.02 | 100 | Ultrashort Bond | BKR vs SGOV | |
| JPMorgan Ultra-Short Income ETF | -0.03 | 0.02 | 0.00 | 99 | Ultrashort Bond | BKR vs JPST | |
| Global X Artificial Intelligence & Technology ETF | 0.15 | 0.23 | 0.26 | 81 | Technology Equities | BKR vs AIQ |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.06, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.06 | 0.06 | 0.10 | 53 | Utilities | |
| Halozyme Therapeutics, Inc. | -0.03 | 0.12 | 0.16 | 66 | Healthcare | |
| AbbVie Inc. | 0.04 | 0.13 | 0.14 | 62 | Healthcare | |
| American Electric Power Company, Inc. | 0.05 | 0.10 | 0.12 | 79 | Utilities | |
| Southwest Airlines Co. | 0.06 | 0.12 | 0.22 | 58 | Industrials |
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