Looking to balance out your exposure to NAMS? The ETFs below have historically moved differently from NAMS, 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 NAMS
1 ETFs have low correlation with NAMS (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck IG Floating Rate ETF (FLTR) (Corporate Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.10 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck IG Floating Rate ETF | 0.17 | 0.10 | — | 99 | Corporate Bonds, Ultrashort Bond | NAMS vs FLTR | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.27 | — | 67 | S&P 500 | NAMS vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NAMS, 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 Repsol SA (REPYY) (Energy) with a 1Y correlation of -0.08, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Repsol SA | -0.08 | 0.04 | 0.01 | 97 | Energy | |
| Kinder Morgan, Inc. | -0.03 | 0.02 | — | 72 | Energy | |
| Philip Morris International Inc. | -0.02 | 0.01 | — | 66 | Consumer Defensive | |
| Restaurant Brands International Inc. | 0.11 | 0.14 | — | 62 | Consumer Cyclical | |
| Elbit Systems Ltd. | 0.13 | 0.09 | — | 85 | Industrials |
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