Looking to diversify beyond BKT? The mutual funds below have historically moved differently from BKT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BKT
3 mutual funds have low correlation with BKT (below 0.3), 1 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.01, up from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.01 | -0.12 | -0.18 | 66 | Systematic Trend | BKT vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.01 | -0.01 | -0.02 | 97 | Equity Market Neutral | BKT vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 0.02 | -0.01 | -0.02 | 97 | Equity Market Neutral | BKT vs BDMAX | |
| iShares S&P 500 Index Fund Class K | 0.36 | 0.24 | 0.22 | 63 | S&P 500 | BKT vs WFSPX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.37 | 0.25 | 0.22 | 62 | Large Cap Blend Equities | BKT vs VTCLX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BKT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.23, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.23 | -0.06 | -0.03 | 84 | Energy | |
| Dow Inc. | -0.10 | 0.04 | 0.05 | 69 | Basic Materials | |
| Corteva, Inc. | 0.08 | 0.09 | 0.09 | 55 | Basic Materials | |
| Berkshire Hathaway Inc. | 0.10 | 0.14 | 0.13 | 61 | Financial Services | |
| Berkshire Hathaway Inc. Class A | 0.11 | 0.14 | 0.13 | 58 | Financial Services |
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