Looking to balance out your exposure to NABL? The ETFs below have the lowest correlation with NABL — they tend to move on their own, which can help reduce risk when NABL drops. The stock ideas table highlights individual companies that behave independently from NABL.
Best Diversifiers for NABL
1 ETFs have low correlation with NABL (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 0.22, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.22 | 0.38 | 0.42 | 70 | S&P 500 | NABL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NABL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NABL and solid risk/return profiles. The least correlated is Celestica Inc. (CLS) (Technology) with a 1Y correlation of 0.04, down from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | 0.04 | 0.16 | — | 94 | Technology |
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