Looking to balance out your exposure to NB? The ETFs below have the lowest correlation with NB — they tend to move on their own, which can help reduce risk when NB drops. The stock ideas table highlights individual companies that behave independently from NB.
Best Diversifiers for NB
0 ETFs have low correlation with NB (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Silver and Metals Miners ETF (SLVP) (Silver) with a 1Y correlation of 0.36, roughly unchanged from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.36 | 0.27 | — | 55 | Silver, Precious Metals | NB vs SLVP | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.46 | 0.30 | — | 87 | Materials | NB vs REMX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NB and solid risk/return profiles. The least correlated is Materion Corporation (MTRN) (Basic Materials) with a 1Y correlation of 0.21, roughly unchanged from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Materion Corporation | 0.21 | 0.17 | — | 97 | Basic Materials | |
| Albemarle Corporation | 0.25 | 0.19 | — | 93 | Basic Materials | |
| Rio Tinto Group | 0.29 | 0.19 | — | 94 | Basic Materials | |
| Equinox Gold Corp. | 0.30 | 0.19 | — | 69 | Basic Materials | |
| Centerra Gold Inc | 0.31 | 0.26 | — | 89 | Basic Materials |
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