Looking to diversify beyond NBCM? The ETFs below have historically moved differently from NBCM, 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 NBCM
1193 ETFs have low correlation with NBCM (below 0.3), 708 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.27 | — | — | 76 | Municipal Bonds | NBCM vs FMUB | |
| Avantis Short-Term Fixed Income ETF | -0.25 | -0.06 | -0.02 | 72 | Short-Term Bond | NBCM vs AVSF | |
| Astoria Dynamic Core US Fixed Income ETF | -0.24 | -0.23 | -0.23 | 58 | Multisector Bonds | NBCM vs AGGA | |
| Hartford Municipal Opportunities ETF | -0.24 | -0.09 | — | 66 | Municipal Bonds | NBCM vs HMOP | |
| Franklin Short Duration U.S. Government ETF | -0.24 | -0.08 | — | 96 | Mortgage Backed Securities | NBCM vs FTSD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NBCM, 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 Kraken Robotics Inc (KRKNF) (Technology) with a 1Y correlation of 0.07, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kraken Robotics Inc | 0.07 | 0.14 | 0.13 | 73 | Technology | |
| Archer-Daniels-Midland Company | 0.32 | 0.25 | — | 90 | Consumer Defensive | |
| Cheniere Energy, Inc. | 0.36 | 0.29 | — | 57 | Energy | |
| Bunge Limited | 0.37 | 0.30 | — | 78 | Consumer Defensive | |
| Adecoagro S.A. | 0.39 | 0.31 | — | 53 | Consumer Defensive |
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