Looking to diversify beyond BNKL.TO? The ETFs below have historically moved differently from BNKL.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 BNKL.TO
6 ETFs have low correlation with BNKL.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.14, down from 0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.14 | 0.03 | — | 93 | Derivative Income, Energy Equities | BNKL.TO vs ENCC.TO | |
| Global X 0-3 Month T-Bill ETF | -0.00 | 0.02 | — | 99 | Canadian Government Bonds | BNKL.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | 0.04 | 0.05 | — | 100 | Money Market | BNKL.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.07 | 0.01 | — | 65 | Money Market | BNKL.TO vs HSAV.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.07 | — | — | 97 | Canada Equities | BNKL.TO vs KNGC.TO |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BNKL.TO
Add BNKL.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BNKL.TO