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
4 ETFs have low correlation with BNKS.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) (Technology Equities) with a 1Y correlation of 0.23, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Information Technology Sector UCIT... | 0.23 | 0.23 | 0.36 | 70 | Technology Equities, S&P 500 | BNKS.L vs IITU.L | |
| SPDR MSCI EM Asia UCITS ETF | 0.25 | 0.32 | 0.37 | 95 | Asia Pacific Equities | BNKS.L vs EMAS.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.26 | 0.24 | 0.38 | 68 | Technology Equities, S&P 500 | BNKS.L vs IUIT.L | |
| iShares Core MSCI EM IMI UCITS ETF | 0.30 | 0.35 | 0.43 | 78 | Emerging Markets Equities | BNKS.L vs EIMI.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.30 | 0.25 | 0.24 | 56 | Health & Biotech Equities | BNKS.L vs FBT.L |
See all 15 diversifiers for BNKS.L
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