Looking to diversify beyond NANC? The ETFs below have the lowest correlation with NANC — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NANC.
Best Diversifiers for NANC
302 ETFs have low correlation with NANC (below 0.3), 74 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.09 | -0.06 | 71 | Oil & Gas | NANC vs DBE | |
| United States Brent Oil Fund LP | -0.32 | -0.09 | -0.05 | 65 | Oil & Gas | NANC vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.32 | — | — | 56 | Derivative Income | NANC vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.31 | -0.07 | -0.03 | 56 | Oil & Gas | NANC vs OILK | |
| United States Oil Fund LP | -0.30 | -0.10 | -0.08 | 66 | Oil & Gas | NANC vs USO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NANC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NANC and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.21, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.21 | -0.01 | 0.02 | 85 | Energy | |
| Altria Group, Inc. | -0.20 | -0.04 | -0.01 | 67 | Consumer Defensive | |
| ConocoPhillips Company | -0.20 | 0.02 | 0.05 | 76 | Energy | |
| Duke Energy Corporation | -0.19 | -0.08 | -0.06 | 52 | Utilities | |
| Chevron Corporation | -0.19 | 0.01 | 0.03 | 83 | Energy |
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