Looking to balance out your exposure to BKSY? The ETFs below have the lowest correlation with BKSY — they tend to move on their own, which can help reduce risk when BKSY drops. The stock ideas table highlights individual companies that behave independently from BKSY.
Best Diversifiers for BKSY
4 ETFs have low correlation with BKSY (below 0.3), 1 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 -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.06 | -0.01 | 100 | Government Bonds, Ultrashort Bond | BKSY vs BIL | |
| WisdomTree Japan Opportunities ETF | 0.16 | 0.19 | 0.22 | 94 | Japan Equities, Asia Pacific Equities | BKSY vs OPPJ | |
| WisdomTree Japan Hedged Equity Fund | 0.19 | 0.26 | 0.27 | 94 | Japan Equities, Asia Pacific Equities | BKSY vs DXJ | |
| Vanguard FTSE Developed Markets ETF | 0.28 | 0.35 | 0.35 | 61 | Foreign Large Cap Equities | BKSY vs VEA | |
| Vanguard Total International Stock ETF | 0.31 | 0.36 | 0.36 | 59 | Global Equities | BKSY vs VXUS |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKSY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.00 | 0.04 | 78 | Consumer Defensive | |
| Verizon Communications Inc. | -0.10 | -0.01 | 0.02 | 57 | Communication Services | |
| ING Groep N.V. | 0.15 | 0.18 | 0.21 | 88 | Financial Services | |
| Sirius XM Holdings Inc. | 0.15 | 0.25 | 0.26 | 73 | Communication Services | |
| RTX Corporation | 0.16 | 0.16 | 0.19 | 78 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BKSY
Add BKSY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BKSY