Looking to diversify beyond BNQL.DE? The ETFs below have the lowest correlation with BNQL.DE — 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 BNQL.DE.
Best Diversifiers for BNQL.DE
4 ETFs have low correlation with BNQL.DE (below 0.3), 0 of which are negatively correlated. The least correlated is BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) (Global Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNP Paribas Easy ECPI Circular Economy Leaders UCI... | 0.18 | 0.22 | 0.24 | 52 | Global Equities | BNQL.DE vs EMEC.DE | |
| BNP Paribas Easy S&P 500 UCITS ETF | 0.20 | 0.18 | 0.20 | 74 | S&P 500 | BNQL.DE vs ESEA.DE | |
| BNP Paribas Easy S&P 500 UCITS ETF EUR | 0.20 | 0.19 | 0.20 | 68 | S&P 500 | BNQL.DE vs ESEE.DE | |
| BNP Paribas Easy S&P 500 UCITS ETF USD | 0.20 | 0.18 | 0.20 | 73 | S&P 500 | BNQL.DE vs ESAP.DE | |
| WisdomTree Silver | 0.48 | 0.43 | — | 52 | Silver, Precious Metals | BNQL.DE vs SLVR.DE |
See all 7 diversifiers for BNQL.DE
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Diversification Analysis
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