Looking to balance out your exposure to NA? The ETFs below have the lowest correlation with NA — they tend to move on their own, which can help reduce risk when NA drops. The stock ideas table highlights individual companies that behave independently from NA.
Best Diversifiers for NA
2 ETFs have low correlation with NA (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.13 | — | — | 81 | Nasdaq-100, Dividend | NA vs GPIQ | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.10 | — | 70 | S&P 500 | NA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NA and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.07, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.07 | 0.03 | — | 59 | Financial Services | |
| Canadian Imperial Bank of Commerce | 0.10 | 0.13 | — | 95 | Financial Services | |
| Broadcom Inc. | 0.10 | 0.08 | — | 84 | Technology | |
| The Toronto-Dominion Bank | 0.10 | 0.08 | — | 97 | Financial Services | |
| Royal Bank of Canada | 0.12 | 0.12 | — | 95 | Financial Services |
Build a portfolio that complements NA
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Analyze a portfolio with NA