Looking to balance out your exposure to BANC? The ETFs below have the lowest correlation with BANC — they tend to move on their own, which can help reduce risk when BANC drops. The stock ideas table highlights individual companies that behave independently from BANC.
Best Diversifiers for BANC
0 ETFs have low correlation with BANC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.36, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.36 | 0.37 | 0.42 | 74 | Nasdaq-100 | BANC vs QQQ | |
| Vanguard S&P 500 ETF | 0.49 | 0.49 | 0.53 | 74 | S&P 500 | BANC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BANC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BANC and solid risk/return profiles. The least correlated is ZIM Integrated Shipping Services Ltd. (ZIM) (Industrials) with a 1Y correlation of 0.20, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ZIM Integrated Shipping Services Ltd. | 0.20 | 0.16 | 0.20 | 76 | Industrials | |
| Genworth Financial, Inc. | 0.43 | 0.47 | 0.47 | 66 | Financial Services | |
| First Citizens BancShares, Inc. | 0.52 | 0.52 | 0.56 | 52 | Financial Services | |
| Bank of America Corporation | 0.53 | 0.59 | 0.61 | 70 | Financial Services | |
| Flagstar Financial, Inc. | 0.60 | 0.53 | 0.57 | 63 | Financial Services |
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