Looking to balance out your exposure to BNK.TO? The ETFs below have historically moved differently from BNK.TO, 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 BNK.TO
0 ETFs have low correlation with BNK.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) (Derivative Income) with a 1Y correlation of 0.31, roughly unchanged from 0.37 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | 0.31 | 0.37 | — | 98 | Derivative Income | BNK.TO vs BANK.TO |
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