Looking to balance out your exposure to NATH? The ETFs below have the lowest correlation with NATH — they tend to move on their own, which can help reduce risk when NATH drops. The stock ideas table highlights individual companies that behave independently from NATH.
Best Diversifiers for NATH
3 ETFs have low correlation with NATH (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.06 | -0.00 | 100 | Ultrashort Bond | NATH vs SGOV | |
| Invesco S&P 500 Momentum ETF | 0.11 | 0.22 | 0.26 | 51 | Momentum, S&P 500 | NATH vs SPMO | |
| Vanguard S&P 500 ETF | 0.16 | 0.28 | 0.28 | 66 | S&P 500 | NATH vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NATH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NATH and solid risk/return profiles. The least correlated is Baidu, Inc. (BIDU) (Communication Services) with a 1Y correlation of -0.10, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baidu, Inc. | -0.10 | 0.03 | 0.07 | 63 | Communication Services | |
| Millicom International Cellular S.A. | -0.08 | 0.08 | 0.11 | 98 | Communication Services | |
| Chubb Limited | 0.06 | 0.19 | 0.20 | 82 | Financial Services | |
| Teekay Tankers Ltd. | 0.06 | 0.05 | 0.07 | 86 | Energy | |
| Lockheed Martin Corporation | 0.07 | 0.13 | 0.14 | 56 | Industrials |
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