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Looking to balance out your exposure to BNZL.L? The ETFs below have the lowest correlation with BNZL.L — they tend to move on their own, which can help reduce risk when BNZL.L drops. The stock ideas table highlights individual companies that behave independently from BNZL.L.

Best Diversifiers for BNZL.L

1 ETFs have low correlation with BNZL.L (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L) (Europe Equities) with a 1Y correlation of 0.22, down from 0.42 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
Vanguard FTSE 100 UCITS ETF Distributing0.220.370.42
56
Europe EquitiesBNZL.L vs VUKE.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from BNZL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BNZL.L and solid risk/return profiles. The least correlated is Glencore plc (GLEN.L) (Basic Materials) with a 1Y correlation of -0.02, down from 0.10 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Glencore plc-0.020.070.10
96
Basic Materials
Lloyds Banking Group plc-0.020.170.17
75
Financial Services
Barclays plc0.010.170.18
77
Financial Services
BP plc0.020.080.07
87
Energy
M&G plc0.050.230.25
88
Financial Services
See all 11 low-correlation stocks for BNZL.L

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Diversification Analysis

Build a portfolio that complements BNZL.L

Add BNZL.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with BNZL.L