Looking to balance out your exposure to NABZY? The ETFs below have the lowest correlation with NABZY — they tend to move on their own, which can help reduce risk when NABZY drops. The stock ideas table highlights individual companies that behave independently from NABZY.
Best Diversifiers for NABZY
0 ETFs have low correlation with NABZY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 ETF (IVV) (S&P 500) with a 1Y correlation of 0.44, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF | 0.44 | 0.48 | 0.52 | 66 | S&P 500 | NABZY vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NABZY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NABZY and solid risk/return profiles. The least correlated is BP p.l.c. (BP) (Energy) with a 1Y correlation of 0.00, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | 0.00 | 0.18 | 0.29 | 88 | Energy | |
| TotalEnergies SE | 0.10 | 0.20 | 0.23 | 90 | Energy | |
| Shell plc | 0.14 | 0.25 | 0.33 | 79 | Energy | |
| NVIDIA Corporation | 0.19 | 0.27 | 0.34 | 76 | Technology | |
| AstraZeneca PLC | 0.24 | 0.28 | 0.30 | 76 | Healthcare |
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