Looking to balance out your exposure to NAGE? The ETFs below have historically moved differently from NAGE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.09, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.05 | -0.01 | 100 | Ultrashort Bond | NAGE vs SGOV | |
| Vanguard ESG International Stock ETF | 0.33 | 0.25 | 0.33 | 65 | Foreign Large Cap Equities, ESG | NAGE vs VSGX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NAGE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | -0.03 | 0.00 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.08 | -0.06 | -0.04 | 56 | Utilities | |
| McKesson Corporation | -0.08 | -0.02 | 0.02 | 67 | Healthcare | |
| Cencora Inc. | 0.00 | 0.03 | 0.07 | 53 | Healthcare | |
| Millicom International Cellular S.A. | 0.01 | 0.06 | 0.15 | 98 | Communication Services |
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