Looking to diversify beyond BNKL.TO? The ETFs below have the lowest correlation with BNKL.TO — 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 BNKL.TO.
Best Diversifiers for BNKL.TO
5 ETFs have low correlation with BNKL.TO (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | -0.02 | — | — | 99 | Canadian Government Bonds | BNKL.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.05 | 0.02 | 0.02 | 66 | Bank Loan | BNKL.TO vs HSAV.TO | |
| Global X High Interest Savings ETF | 0.05 | — | — | 100 | Money Market | BNKL.TO vs CASH.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.11 | — | — | 97 | Large Cap Blend Equities | BNKL.TO vs KNGC.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | 0.29 | — | — | 94 | Semiconductors, Technology Equities | BNKL.TO vs CHPS.TO |
See all 26 diversifiers for BNKL.TO
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Diversification Analysis
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