Looking to balance out your exposure to BNTX? The ETFs below have historically moved differently from BNTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BNTX
5 ETFs have low correlation with BNTX (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.00 | 0.00 | -0.00 | 100 | Ultrashort Bond | BNTX vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | 0.11 | 0.04 | 0.05 | 93 | Inflation-Protected Bonds | BNTX vs STIP | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.20 | 0.22 | 0.28 | 90 | Leveraged Equities, Semiconductors | BNTX vs SOXL | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.29 | 0.34 | 67 | S&P 500 | BNTX vs SPY | |
| ProShares Ultra S&P500 | 0.30 | 0.30 | 0.34 | 54 | Leveraged Equities, S&P 500 | BNTX vs SSO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BNTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Bank of N.T. Butterfield & Son Limited (NTB) (Financial Services) with a 1Y correlation of -0.04, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Bank of N.T. Butterfield & Son Limited | -0.04 | 0.14 | 0.18 | 92 | Financial Services | |
| Marathon Petroleum Corporation | -0.02 | 0.06 | 0.08 | 95 | Energy | |
| NMI Holdings, Inc. | -0.01 | 0.14 | 0.15 | 67 | Financial Services | |
| Renasant Corporation | -0.01 | 0.17 | 0.19 | 69 | Financial Services | |
| MGIC Investment Corporation | -0.01 | 0.15 | 0.18 | 67 | Financial Services |
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