Looking to balance out your exposure to BNZI? The ETFs below have the lowest correlation with BNZI — they tend to move on their own, which can help reduce risk when BNZI drops. The stock ideas table highlights individual companies that behave independently from BNZI.
Best Diversifiers for BNZI
1 ETFs have low correlation with BNZI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.15, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.15 | 0.11 | 0.09 | 65 | S&P 500 | BNZI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BNZI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BNZI and solid risk/return profiles. The least correlated is Deckers Outdoor Corporation (DECK) (Consumer Cyclical) with a 1Y correlation of 0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Deckers Outdoor Corporation | 0.04 | 0.06 | 0.06 | 53 | Consumer Cyclical |
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