Looking to diversify beyond BLCN? The ETFs below have the lowest correlation with BLCN — 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 BLCN.
Best Diversifiers for BLCN
573 ETFs have low correlation with BLCN (below 0.3), 52 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.13, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.13 | 0.04 | — | 98 | Commodities | BLCN vs BWET | |
| ProShares UltraShort Yen | -0.11 | -0.00 | -0.02 | 61 | Leveraged Currency | BLCN vs YCS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.08 | -0.02 | 100 | Government Bonds, Ultrashort Bond | BLCN vs BIL | |
| Touchstone Ultra Short Income ETF | -0.09 | -0.02 | 0.02 | 98 | Ultrashort Bond | BLCN vs TUSI | |
| First Trust Merger Arbitrage ETF | -0.08 | 0.08 | 0.10 | 50 | Long-Short | BLCN vs MARB |
See all 2077 diversifiers for BLCN
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