Looking to balance out your exposure to BAMI.MI? The ETFs below have the lowest correlation with BAMI.MI — they tend to move on their own, which can help reduce risk when BAMI.MI drops. The stock ideas table highlights individual companies that behave independently from BAMI.MI.
Best Diversifiers for BAMI.MI
0 ETFs have low correlation with BAMI.MI (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) (Momentum) with a 1Y correlation of 0.44, up from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Edge MSCI World Momentum Factor UCITS ETF ... | 0.44 | 0.29 | 0.33 | 63 | Momentum, Global Equities | BAMI.MI vs IWMO.MI |
Diversification Analysis
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