Looking to diversify beyond BNXG.DE? The ETFs below have the lowest correlation with BNXG.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 BNXG.DE.
Best Diversifiers for BNXG.DE
2 ETFs have low correlation with BNXG.DE (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) (CLO) with a 1Y correlation of -0.10, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EUR AAA CLO UCITS ETF Acc | -0.10 | -0.02 | -0.02 | 93 | CLO | BNXG.DE vs CLOA.DE | |
| Invesco EUR AAA CLO UCITS ETF Dist | 0.04 | — | — | 98 | CLO | BNXG.DE vs CLOD.DE | |
| iShares Nasdaq US Biotechnology UCITS ETF | 0.34 | 0.37 | 0.42 | 92 | Health & Biotech Equities | BNXG.DE vs 2B70.DE | |
| Invesco S&P 500 QVM UCITS ETF | 0.35 | 0.36 | 0.42 | 93 | S&P 500, Large Cap Value Equities | BNXG.DE vs QVMP.DE | |
| Invesco S&P 500 Equal Weight UCITS ETF Acc | 0.42 | 0.43 | 0.51 | 78 | S&P 500, Equal Weight | BNXG.DE vs SP2Q.DE |
See all 37 diversifiers for BNXG.DE
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