Looking to diversify beyond NBIG? The ETFs below have historically moved differently from NBIG, 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 NBIG
736 ETFs have low correlation with NBIG (below 0.3), 105 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.17, roughly unchanged from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.17 | -0.17 | -0.17 | 100 | Government Bonds, Ultrashort Bond | NBIG vs BIL | |
| JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ... | -0.16 | -0.16 | -0.16 | 92 | Government Bonds, Short-Term Bond | NBIG vs BBSB | |
| First Trust Value Line Dividend Index Fund | -0.16 | -0.16 | -0.16 | 57 | Mid Cap Value Equities, Dividend | NBIG vs FVD | |
| ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | -0.12 | -0.12 | -0.12 | 94 | Leveraged Equities, Dividend | NBIG vs SCDL | |
| JPMorgan Realty Income ETF | -0.12 | -0.12 | -0.12 | 52 | REIT | NBIG vs JPRE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NBIG, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.42, roughly unchanged from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.42 | 0.42 | 0.42 | 99 | Technology | |
| Sandisk Corporation | 0.43 | 0.43 | 0.43 | 100 | Technology |
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