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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE 100 UCITS ETF Distributing | 0.22 | 0.37 | 0.42 | 56 | Europe Equities | BNZL.L vs VUKE.L |
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Glencore plc | -0.02 | 0.07 | 0.10 | 96 | Basic Materials | |
| Lloyds Banking Group plc | -0.02 | 0.17 | 0.17 | 75 | Financial Services | |
| Barclays plc | 0.01 | 0.17 | 0.18 | 77 | Financial Services | |
| BP plc | 0.02 | 0.08 | 0.07 | 87 | Energy | |
| M&G plc | 0.05 | 0.23 | 0.25 | 88 | Financial Services |
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