Looking to balance out your exposure to BANF? The ETFs below have the lowest correlation with BANF — they tend to move on their own, which can help reduce risk when BANF drops. The stock ideas table highlights individual companies that behave independently from BANF.
Best Diversifiers for BANF
0 ETFs have low correlation with BANF (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.38, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.38 | 0.41 | 0.42 | 74 | S&P 500 | BANF vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BANF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BANF and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.01 | 0.07 | 0.16 | 62 | Consumer Defensive | |
| Atmos Energy Corporation | 0.16 | 0.26 | 0.28 | 64 | Utilities | |
| Apple Inc | 0.24 | 0.21 | 0.24 | 90 | Technology | |
| AAON, Inc. | 0.29 | 0.36 | 0.36 | 68 | Industrials | |
| Analog Devices, Inc. | 0.37 | 0.33 | 0.31 | 94 | Technology |
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