Looking to balance out your exposure to NAK? The ETFs below have the lowest correlation with NAK — they tend to move on their own, which can help reduce risk when NAK drops. The stock ideas table highlights individual companies that behave independently from NAK.
Best Diversifiers for NAK
0 ETFs have low correlation with NAK (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Lithium & Battery Tech ETF (LIT) (Lithium & Battery Metals) with a 1Y correlation of 0.35, up from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.35 | 0.21 | 0.25 | 91 | Lithium & Battery Metals | NAK vs LIT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NAK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NAK and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.23, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.23 | -0.02 | 0.09 | 79 | Energy | |
| Energy Transfer LP | -0.09 | 0.05 | 0.15 | 70 | Energy | |
| Enterprise Products Partners L.P. | -0.06 | 0.03 | 0.13 | 81 | Energy | |
| Halliburton Company | 0.01 | 0.07 | 0.15 | 86 | Energy | |
| BP p.l.c. | 0.03 | 0.06 | 0.14 | 75 | Energy |
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