Looking to balance out your exposure to NAGE? The ETFs below have the lowest correlation with NAGE — they tend to move on their own, which can help reduce risk when NAGE drops. The stock ideas table highlights individual companies that behave independently from NAGE.
Best Diversifiers for NAGE
1 ETFs have low correlation with NAGE (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 -0.14, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.07 | -0.02 | 100 | Ultrashort Bond | NAGE vs SGOV | |
| Vanguard ESG International Stock ETF | 0.38 | 0.24 | 0.34 | 58 | Foreign Large Cap Equities, ESG | NAGE vs VSGX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NAGE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NAGE and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | -0.04 | 0.01 | 73 | Consumer Defensive | |
| Duke Energy Corporation | -0.10 | -0.07 | -0.04 | 57 | Utilities | |
| Teekay Tankers Ltd. | 0.04 | 0.10 | 0.11 | 80 | Energy | |
| Millicom International Cellular S.A. | 0.05 | 0.07 | 0.16 | 98 | Communication Services | |
| RTX Corporation | 0.10 | 0.12 | 0.17 | 75 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NAGE
Add NAGE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NAGE