Looking to balance out your exposure to NAD? The ETFs below have the lowest correlation with NAD — they tend to move on their own, which can help reduce risk when NAD drops. The stock ideas table highlights individual companies that behave independently from NAD.
Best Diversifiers for NAD
5 ETFs have low correlation with NAD (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | 0.03 | 0.04 | 100 | Ultrashort Bond | NAD vs SGOV | |
| Global X NASDAQ 100 Covered Call ETF | 0.17 | 0.22 | 0.22 | 88 | Nasdaq-100, Derivative Income | NAD vs QYLD | |
| Global X Russell 2000 Covered Call ETF | 0.20 | 0.26 | 0.25 | 66 | Hedge Fund | NAD vs RYLD | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.20 | 0.38 | 0.35 | 56 | Preferred Stock/Convertible Bonds | NAD vs PFFA | |
| Vanguard Total Stock Market ETF | 0.28 | 0.31 | 0.30 | 68 | Large Cap Blend Equities | NAD vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NAD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NAD and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.09, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.09 | 0.12 | 0.13 | 85 | Energy | |
| Antero Midstream Corporation | -0.03 | 0.11 | 0.12 | 65 | Energy | |
| Sirius XM Holdings Inc. | 0.11 | 0.18 | 0.20 | 70 | Communication Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.24 | 0.32 | 0.32 | 63 | Financial Services | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.73 | 0.82 | 0.83 | 78 | Financial Services |
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