Looking to diversify beyond NBCM? The ETFs below have the lowest correlation with NBCM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NBCM.
Best Diversifiers for NBCM
1021 ETFs have low correlation with NBCM (below 0.3), 643 of which are negatively correlated. The least correlated is iShares Yield Optimized Bond ETF (BYLD) (Intermediate Core-Plus Bond) with a 1Y correlation of -0.25, down from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Yield Optimized Bond ETF | -0.25 | -0.02 | — | 52 | Intermediate Core-Plus Bond | NBCM vs BYLD | |
| Avantis Credit ETF | -0.23 | — | — | 53 | Global Bonds | NBCM vs AVGB | |
| Fidelity Municipal Bond Opportunities ETF | -0.23 | — | — | 77 | Municipal Bonds | NBCM vs FMUB | |
| Hartford Municipal Opportunities ETF | -0.22 | -0.07 | — | 63 | Municipal Bonds | NBCM vs HMOP | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.21 | 0.03 | — | 65 | Emerging Markets Bonds | NBCM vs BEMB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NBCM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NBCM and solid risk/return profiles. The least correlated is Kraken Robotics Inc (KRKNF) (Technology) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kraken Robotics Inc | 0.04 | 0.13 | — | 87 | Technology | |
| Archer-Daniels-Midland Company | 0.32 | 0.25 | 0.27 | 85 | Consumer Defensive | |
| Bunge Limited | 0.33 | 0.28 | 0.29 | 76 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.50 | 0.47 | 0.49 | 72 | Energy | |
| Chevron Corporation | 0.52 | 0.44 | 0.48 | 70 | Energy |
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