Looking to balance out your exposure to BKTI? The ETFs below have the lowest correlation with BKTI — they tend to move on their own, which can help reduce risk when BKTI drops. The stock ideas table highlights individual companies that behave independently from BKTI.
Best Diversifiers for BKTI
0 ETFs have low correlation with BKTI (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 0.31, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.31 | 0.28 | 0.26 | 65 | S&P 500 | BKTI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BKTI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BKTI and solid risk/return profiles. The least correlated is Tenet Healthcare Corporation (THC) (Healthcare) with a 1Y correlation of 0.05, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tenet Healthcare Corporation | 0.05 | 0.09 | 0.13 | 56 | Healthcare | |
| Brinker International, Inc. | 0.07 | 0.14 | 0.15 | 52 | Consumer Cyclical | |
| Cisco Systems, Inc. | 0.10 | 0.16 | 0.18 | 91 | Technology | |
| CBL & Associates Properties, Inc. | 0.13 | 0.17 | — | 98 | ||
| Credo Technology Group Holding Ltd | 0.14 | 0.18 | — | 77 | Technology |
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