Looking to balance out your exposure to NAT? The ETFs below have the lowest correlation with NAT — they tend to move on their own, which can help reduce risk when NAT drops. The stock ideas table highlights individual companies that behave independently from NAT.
Best Diversifiers for NAT
4 ETFs have low correlation with NAT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.05 | 0.13 | 0.17 | 70 | S&P 500 | NAT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.13 | 0.17 | 70 | S&P 500 | NAT vs SPY | |
| iShares U.S. Infrastructure ETF | 0.11 | 0.19 | 0.24 | 60 | Industrials Equities | NAT vs IFRA | |
| iShares MSCI Norway ETF | 0.27 | 0.31 | 0.31 | 66 | Europe Equities | NAT vs ENOR |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NAT and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.02 | 0.05 | 63 | Consumer Defensive | |
| CVS Health Corporation | -0.02 | 0.06 | 0.08 | 80 | Healthcare | |
| YPF Sociedad Anónima | 0.01 | 0.13 | 0.20 | 71 | Energy | |
| Nutrien Ltd. | 0.05 | 0.19 | 0.26 | 58 | Basic Materials | |
| AbbVie Inc. | 0.06 | 0.04 | 0.05 | 62 | Healthcare |
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