Looking to balance out your exposure to BANX? The ETFs below have the lowest correlation with BANX — they tend to move on their own, which can help reduce risk when BANX drops. The stock ideas table highlights individual companies that behave independently from BANX.
Best Diversifiers for BANX
6 ETFs have low correlation with BANX (below 0.3), 0 of which are negatively correlated. The least correlated is Panagram BBB-B CLO ETF (CLOZ) (CLO) with a 1Y correlation of 0.08, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Panagram BBB-B CLO ETF | 0.08 | 0.11 | — | 59 | CLO | BANX vs CLOZ | |
| Relative Sentiment Tactical Allocation ETF | 0.08 | 0.09 | — | 79 | Tactical Allocation | BANX vs MOOD | |
| WisdomTree Japan Opportunities ETF | 0.09 | 0.08 | 0.10 | 95 | Japan Equities, Asia Pacific Equities | BANX vs OPPJ | |
| Janus Henderson AAA CLO ETF | 0.15 | 0.06 | 0.01 | 99 | CLO | BANX vs JAAA | |
| PGIM Floating Rate Income ETF | 0.16 | 0.09 | — | 93 | Bank Loan | BANX vs PFRL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BANX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BANX and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.03 | 0.12 | 0.08 | 74 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.19 | 0.14 | 0.11 | 69 | Financial Services |
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