Looking to balance out your exposure to BNPQY? The ETFs below have the lowest correlation with BNPQY — they tend to move on their own, which can help reduce risk when BNPQY drops. The stock ideas table highlights individual companies that behave independently from BNPQY.
No Diversifiers Found for BNPQY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BNPQY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BNPQY and solid risk/return profiles. The least correlated is Bloom Energy Corporation (BE) (Industrials) with a 1Y correlation of 0.20, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bloom Energy Corporation | 0.20 | 0.26 | 0.30 | 99 | Industrials | |
| JPMorgan Chase & Co. | 0.32 | 0.35 | 0.48 | 66 | Financial Services | |
| HSBC Holdings plc | 0.60 | 0.58 | 0.61 | 90 | Financial Services | |
| Caixabank SA ADR | 0.60 | 0.51 | 0.56 | 89 | Financial Services | |
| ING Groep N.V. | 0.69 | 0.73 | 0.78 | 85 | Financial Services |
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