Looking to diversify beyond BNKE.L? The ETFs below have the lowest correlation with BNKE.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BNKE.L.
Best Diversifiers for BNKE.L
12 ETFs have low correlation with BNKE.L (below 0.3), 3 of which are negatively correlated. The least correlated is Amundi MSCI World Energy UCITS ETF-C USD (CWEU.L) (Energy Equities) with a 1Y correlation of -0.04, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI World Energy UCITS ETF-C USD | -0.04 | 0.07 | 0.06 | 93 | Energy Equities | BNKE.L vs CWEU.L | |
| Amundi USD Fed Funds Rate UCITS ETF Acc | -0.01 | 0.02 | 0.03 | 99 | Money Market | BNKE.L vs FEDF.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.01 | -0.01 | -0.01 | 99 | Money Market | BNKE.L vs CSH2.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.02 | 0.04 | 0.03 | 100 | Government Bonds, Ultrashort Bond | BNKE.L vs IB01.L | |
| Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR U... | 0.10 | 0.07 | 0.01 | 100 | Government Bonds, Ultrashort Bond | BNKE.L vs PR1T.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BNKE.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BNKE.L and solid risk/return profiles. The least correlated is Coca Cola HBC AG (CCH.L) (Consumer Defensive) with a 1Y correlation of 0.22, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca Cola HBC AG | 0.22 | 0.21 | 0.26 | 54 | Consumer Defensive |
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