Looking to diversify beyond BKT? The mutual funds below have the lowest correlation with BKT — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BKT.
Best Diversifiers for BKT
3 mutual funds have low correlation with BKT (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.01, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.01 | -0.00 | -0.02 | 96 | Equity Market Neutral | BKT vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.02 | -0.12 | -0.18 | 51 | Systematic Trend | BKT vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.26 | 0.20 | 0.20 | 59 | Large Cap Growth Equities | BKT vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.32 | 0.24 | 0.21 | 65 | S&P 500 | BKT vs WFSPX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.34 | 0.25 | 0.22 | 64 | Large Cap Blend Equities | BKT vs VTCLX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKT and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.21, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.21 | -0.05 | -0.02 | 71 | Energy | |
| The Chemours Company | 0.09 | 0.05 | 0.05 | 61 | Basic Materials | |
| Corteva, Inc. | 0.14 | 0.10 | 0.10 | 63 | Basic Materials | |
| The Goldman Sachs Group, Inc. | 0.25 | 0.20 | 0.16 | 86 | Financial Services | |
| Westinghouse Air Brake Technologies Corporation | 0.26 | 0.13 | 0.11 | 72 | Industrials |
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