Looking to diversify beyond NANC? The ETFs below have historically moved differently from NANC, 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 NANC
327 ETFs have low correlation with NANC (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.36 | — | 51 | Cryptocurrency | NANC vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 69 | Derivative Income | NANC vs WNTR | |
| Invesco DB Energy Fund | -0.29 | -0.10 | — | 66 | Oil & Gas | NANC vs DBE | |
| Invesco DB Oil Fund | -0.28 | -0.08 | — | 51 | Oil & Gas | NANC vs DBO | |
| YieldMax XOM Option Income Strategy ETF | -0.27 | -0.03 | -0.03 | 52 | Derivative Income, Dividend | NANC vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NANC, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.30, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.30 | -0.13 | -0.09 | 52 | Utilities | |
| Altria Group, Inc. | -0.29 | -0.08 | -0.04 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.27 | -0.02 | 0.03 | 79 | Energy | |
| Exxon Mobil Corporation | -0.26 | -0.04 | -0.00 | 85 | Energy | |
| The Coca-Cola Company | -0.26 | -0.05 | -0.01 | 87 | Consumer Defensive |
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