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
1069 ETFs have low correlation with NBCM (below 0.3), 559 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.26 | — | — | 85 | Municipal Bonds | NBCM vs FMUB | |
| iShares Yield Optimized Bond ETF | -0.25 | -0.03 | — | 53 | Intermediate Core-Plus Bond | NBCM vs BYLD | |
| Avantis Credit ETF | -0.24 | — | — | 51 | Global Bonds | NBCM vs AVGB | |
| Hartford Municipal Opportunities ETF | -0.23 | -0.08 | — | 73 | Municipal Bonds | NBCM vs HMOP | |
| Franklin Short Duration U.S. Government ETF | -0.22 | -0.07 | — | 96 | Mortgage Backed Securities | NBCM vs FTSD |
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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 0.07, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kraken Robotics Inc | 0.07 | 0.13 | — | 78 | Technology | |
| Archer-Daniels-Midland Company | 0.31 | 0.25 | — | 90 | Consumer Defensive | |
| Cheniere Energy, Inc. | 0.33 | 0.28 | — | 58 | Energy | |
| Bunge Limited | 0.35 | 0.29 | — | 89 | Consumer Defensive | |
| Adecoagro S.A. | 0.39 | 0.30 | — | 54 | Consumer Defensive |
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