Looking to balance out your exposure to NBHC? The ETFs below have the lowest correlation with NBHC — they tend to move on their own, which can help reduce risk when NBHC drops. The stock ideas table highlights individual companies that behave independently from NBHC.
Best Diversifiers for NBHC
0 ETFs have low correlation with NBHC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.38, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.38 | 0.41 | 0.46 | 70 | S&P 500 | NBHC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NBHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NBHC and solid risk/return profiles. The least correlated is Credicorp Ltd. (BAP) (Financial Services) with a 1Y correlation of 0.17, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credicorp Ltd. | 0.17 | 0.26 | 0.31 | 80 | Financial Services | |
| First Horizon Corporation | 0.69 | 0.69 | 0.63 | 63 | Financial Services |
Build a portfolio that complements NBHC
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