Looking to balance out your exposure to BNTX? The ETFs below have the lowest correlation with BNTX — they tend to move on their own, which can help reduce risk when BNTX drops. The stock ideas table highlights individual companies that behave independently from BNTX.
Best Diversifiers for BNTX
3 ETFs have low correlation with BNTX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.03 | 0.00 | -0.01 | 100 | Ultrashort Bond | BNTX vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | 0.09 | 0.04 | 0.05 | 91 | Inflation-Protected Bonds | BNTX vs STIP | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.20 | 0.22 | 0.28 | 93 | Leveraged Equities, Semiconductors | BNTX vs SOXL | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.30 | 0.33 | 66 | S&P 500 | BNTX vs SPY | |
| Vanguard S&P 500 ETF | 0.31 | 0.30 | 0.33 | 66 | S&P 500 | BNTX vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BNTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BNTX and solid risk/return profiles. The least correlated is The Bank of N.T. Butterfield & Son Limited (NTB) (Financial Services) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Bank of N.T. Butterfield & Son Limited | -0.04 | 0.15 | 0.17 | 89 | Financial Services | |
| Renasant Corporation | -0.02 | 0.18 | 0.19 | 60 | Financial Services | |
| Marathon Petroleum Corporation | 0.01 | 0.07 | 0.08 | 90 | Energy | |
| NMI Holdings, Inc. | 0.01 | 0.14 | 0.16 | 57 | Financial Services | |
| Cathay General Bancorp | 0.01 | 0.19 | 0.21 | 80 | Financial Services |
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