Looking to balance out your exposure to BLK? The ETFs below have historically moved differently from BLK, 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 BLK
57 ETFs have low correlation with BLK (below 0.3), 16 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.17, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.17 | -0.05 | 0.08 | 56 | Commodities | BLK vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.12 | -0.04 | 0.08 | 58 | Commodities | BLK vs PDBC | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.09 | 0.12 | 0.27 | 50 | Energy Equities | BLK vs XOP | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | -0.03 | 0.00 | 100 | Government Bonds, Ultrashort Bond | BLK vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.07 | -0.01 | 100 | Government Bonds, Ultrashort Bond | BLK vs BIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BLK, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.14, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.14 | 0.06 | 0.20 | 68 | Energy | |
| Par Pacific Holdings, Inc. | -0.13 | 0.06 | 0.16 | 95 | Energy | |
| Altria Group, Inc. | -0.12 | 0.08 | 0.18 | 64 | Consumer Defensive | |
| The Coca-Cola Company | -0.12 | 0.09 | 0.23 | 86 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.10 | 0.06 | 0.19 | 85 | Energy |
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