Looking to balance out your exposure to BLNK? The ETFs below have the lowest correlation with BLNK — they tend to move on their own, which can help reduce risk when BLNK drops. The stock ideas table highlights individual companies that behave independently from BLNK.
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 0.44, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.44 | 0.40 | 0.46 | 76 | Technology Equities | BLNK vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLNK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLNK and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.10, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.10 | -0.05 | -0.05 | 53 | Utilities | |
| Linde plc | 0.13 | 0.17 | 0.21 | 52 | Basic Materials | |
| General Electric Company | 0.15 | 0.18 | 0.25 | 65 | Industrials | |
| Ormat Technologies, Inc. | 0.20 | 0.35 | 0.35 | 92 | Utilities | |
| XPLR Infrastructure LP | 0.22 | 0.29 | 0.30 | 70 | Utilities |
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