Looking to diversify beyond BKUI? The ETFs below have historically moved differently from BKUI, 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 BKUI
1870 ETFs have low correlation with BKUI (below 0.3), 124 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.32 | -0.19 | — | 52 | Oil & Gas | BKUI vs BNO | |
| Invesco DB Energy Fund | -0.31 | -0.19 | — | 72 | Oil & Gas | BKUI vs DBE | |
| ProShares Ultra Oil & Gas | -0.31 | -0.17 | — | 71 | Leveraged Equities | BKUI vs DIG | |
| State Street Energy Select Sector SPDR ETF | -0.31 | -0.18 | — | 76 | Energy Equities | BKUI vs XLE | |
| United States Oil Fund LP | -0.31 | -0.19 | -0.10 | 55 | Oil & Gas | BKUI vs USO |
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