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
9 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 -0.07, 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 | -0.07 | 0.01 | 0.04 | 100 | Ultrashort Bond | NAD vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.27 | 0.26 | 89 | Dividend | NAD vs SCHD | |
| Global X NASDAQ 100 Covered Call ETF | 0.19 | 0.22 | 0.22 | 89 | Nasdaq-100, Derivative Income | NAD vs QYLD | |
| Global X S&P 500 Covered Call ETF | 0.20 | 0.22 | 0.22 | 90 | Derivative Income, S&P 500 | NAD vs XYLD | |
| NEOS Nasdaq-100 High Income ETF | 0.22 | — | — | 57 | Nasdaq-100, Derivative Income | NAD vs QQQI |
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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 | 0.11 | 0.13 | 86 | Energy | |
| Berkshire Hathaway Inc. | -0.03 | 0.10 | 0.12 | 52 | Financial Services | |
| Antero Midstream Corporation | -0.00 | 0.12 | 0.13 | 84 | Energy | |
| Enbridge Inc. | 0.04 | 0.20 | 0.22 | 88 | Energy | |
| Sirius XM Holdings Inc. | 0.14 | 0.19 | 0.20 | 75 | Communication Services |
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