Looking to balance out your exposure to NATKY? The ETFs below have the lowest correlation with NATKY — they tend to move on their own, which can help reduce risk when NATKY drops. The stock ideas table highlights individual companies that behave independently from NATKY.
Best Diversifiers for NATKY
2 ETFs have low correlation with NATKY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.08 | 0.10 | 0.08 | 75 | Momentum, S&P 500 | NATKY vs SPMO | |
| Amplify CWP Enhanced Dividend Income ETF | 0.09 | 0.11 | 0.09 | 61 | Derivative Income | NATKY vs DIVO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NATKY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NATKY and solid risk/return profiles. The least correlated is SwissCom AG (SCMWY) (Communication Services) with a 1Y correlation of -0.13, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SwissCom AG | -0.13 | -0.05 | — | 79 | Communication Services | |
| Flughafen Zürich AG | -0.10 | -0.06 | — | 58 | Industrials | |
| Merck & Co., Inc. | -0.08 | 0.01 | — | 87 | Healthcare | |
| Fortress Transportation and Preferred Series C | -0.06 | 0.00 | 0.01 | 83 | Industrials | |
| Monster Beverage Corporation | -0.06 | 0.02 | 0.02 | 79 | Consumer Defensive |
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