Looking to balance out your exposure to NB? The ETFs below have historically moved differently from NB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.39, up from 0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.39 | 0.29 | — | 50 | Silver, Precious Metals | NB vs SLVP |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is TTM Technologies, Inc. (TTMI) (Technology) with a 1Y correlation of 0.27, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TTM Technologies, Inc. | 0.27 | 0.15 | 0.13 | 91 | Technology | |
| Materion Corporation | 0.29 | 0.20 | 0.19 | 89 | Basic Materials | |
| Centerra Gold Inc | 0.32 | 0.27 | — | 94 | Basic Materials | |
| Equinox Gold Corp. | 0.32 | 0.20 | — | 67 | Basic Materials | |
| Triple Flag Precious Metals Corp | 0.33 | 0.24 | 0.23 | 62 | Basic Materials |
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