Looking to balance out your exposure to BLNK? The ETFs below have historically moved differently from BLNK, 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 BLNK
0 ETFs have low correlation with BLNK (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.46, roughly unchanged from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.46 | 0.42 | 0.47 | 58 | Technology Equities | BLNK vs VGT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BLNK, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.27, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.27 | -0.10 | -0.08 | 53 | Utilities | |
| Ormat Technologies, Inc. | 0.19 | 0.34 | 0.35 | 54 | Utilities | |
| General Electric Company | 0.22 | 0.19 | 0.26 | 75 | Industrials | |
| Albemarle Corporation | 0.25 | 0.40 | 0.44 | 77 | Basic Materials | |
| XPLR Infrastructure LP | 0.27 | 0.30 | 0.31 | 67 | Utilities |
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