Looking to balance out your exposure to BANX? The ETFs below have historically moved differently from BANX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BANX
6 ETFs have low correlation with BANX (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Japan Opportunities ETF (OPPJ) (Japan Equities) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Japan Opportunities ETF | 0.07 | 0.07 | 0.10 | 91 | Japan Equities, Asia Pacific Equities | BANX vs OPPJ | |
| Eldridge BBB-B CLO ETF | 0.07 | 0.11 | — | 55 | CLO | BANX vs CLOZ | |
| Relative Sentiment Tactical Allocation ETF | 0.08 | 0.09 | — | 78 | Tactical Allocation | BANX vs MOOD | |
| Janus Henderson AAA CLO ETF | 0.14 | 0.06 | 0.02 | 99 | CLO | BANX vs JAAA | |
| PGIM Floating Rate Income ETF | 0.19 | 0.09 | — | 93 | Bank Loan | BANX vs PFRL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BANX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.02, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.02 | 0.13 | 0.08 | 66 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.24 | 0.15 | 0.11 | 59 | Financial Services |
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