Looking to balance out your exposure to NAMS? The ETFs below have the lowest correlation with NAMS — they tend to move on their own, which can help reduce risk when NAMS drops. The stock ideas table highlights individual companies that behave independently from NAMS.
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 Vectors Investment Grade Floating Rate ETF (FLTR) (Corporate Bonds) with a 1Y correlation of 0.26, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Investment Grade Floating Rate ETF | 0.26 | 0.08 | 0.08 | 99 | Corporate Bonds | NAMS vs FLTR | |
| Invesco QQQ ETF | 0.33 | 0.24 | — | 73 | Nasdaq-100 | NAMS vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.27 | — | 70 | S&P 500 | NAMS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NAMS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NAMS and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.05, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.05 | 0.02 | — | 60 | Energy | |
| Repsol SA | -0.04 | 0.04 | 0.01 | 95 | Energy | |
| Elbit Systems Ltd | 0.14 | 0.10 | — | 88 | Industrials | |
| Insmed Incorporated | 0.20 | 0.21 | — | 62 | Healthcare | |
| Eli Lilly and Company | 0.27 | 0.18 | 0.14 | 72 | Healthcare |
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