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
4 ETFs have low correlation with BANX (below 0.3), 0 of which are negatively correlated. The least correlated is Relative Sentiment Tactical Allocation ETF (MOOD) (Tactical Allocation) with a 1Y correlation of 0.12, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Relative Sentiment Tactical Allocation ETF | 0.12 | 0.11 | — | 72 | Tactical Allocation | BANX vs MOOD | |
| Janus Henderson AAA CLO ETF | 0.13 | 0.07 | 0.01 | 98 | CLO | BANX vs JAAA | |
| PGIM Floating Rate Income ETF | 0.19 | 0.09 | — | 91 | Bank Loan | BANX vs PFRL | |
| Vanguard S&P 500 ETF | 0.22 | 0.17 | 0.15 | 70 | S&P 500 | BANX vs VOO |
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 0.04, 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 | 0.04 | 0.12 | 0.08 | 63 | Financial Services |
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