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
0 ETFs have low correlation with BKSY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.38, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.38 | 0.44 | 0.44 | 70 | S&P 500 | BKSY vs SPY |
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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.06, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.06 | 0.00 | 0.03 | 59 | Communication Services | |
| Altria Group, Inc. | -0.06 | 0.02 | 0.05 | 69 | Consumer Defensive | |
| ING Groep N.V. | 0.16 | 0.18 | 0.21 | 84 | Financial Services | |
| NVIDIA Corporation | 0.17 | 0.23 | 0.30 | 78 | Technology | |
| Fabrinet | 0.26 | 0.29 | 0.30 | 93 | Technology |
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