Looking to diversify beyond BNKS.L? The ETFs below have the lowest correlation with BNKS.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 BNKS.L.
Best Diversifiers for BNKS.L
2 ETFs have low correlation with BNKS.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI EM IMI UCITS ETF (EIMI.L) (Emerging Markets Equities) with a 1Y correlation of 0.26, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI EM IMI UCITS ETF | 0.26 | 0.35 | 0.44 | 62 | Emerging Markets Equities | BNKS.L vs EIMI.L | |
| iShares NASDAQ 100 UCITS ETF | 0.29 | 0.35 | 0.45 | 61 | Nasdaq-100 | BNKS.L vs CNDX.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.31 | 0.39 | 0.42 | 82 | Health & Biotech Equities | BNKS.L vs FBT.L | |
| Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ET... | 0.36 | 0.49 | 0.54 | 66 | Global Equities | BNKS.L vs IQCY.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.39 | 0.41 | 0.48 | 77 | Financials Equities | BNKS.L vs BNKE.L |
See all 19 diversifiers for BNKS.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements BNKS.L
Add BNKS.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BNKS.L