Looking to balance out your exposure to NBIS? The ETFs below have historically moved differently from NBIS, 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 NBIS
155 ETFs have low correlation with NBIS (below 0.3), 45 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.19 | — | — | 87 | Dividend, Large Cap Value Equities | NBIS vs HDV | |
| Vanguard Short-Term Treasury ETF | -0.18 | — | — | 86 | Government Bonds, Short-Term Bond | NBIS vs VGSH | |
| iShares 1-3 Year Treasury Bond ETF | -0.16 | — | — | 82 | Government Bonds, Short-Term Bond | NBIS vs SHY | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.16 | — | — | 89 | Large Cap Value Equities, Dividend | NBIS vs FDL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.14 | — | — | 100 | Government Bonds, Ultrashort Bond | NBIS vs BIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NBIS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.35 | — | — | 87 | Financial Services | |
| The Coca-Cola Company | -0.28 | — | — | 86 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.27 | -0.22 | -0.22 | 61 | Consumer Defensive | |
| The Hanover Insurance Group, Inc. | -0.27 | -0.15 | -0.15 | 87 | Financial Services | |
| Verizon Communications Inc. | -0.24 | -0.22 | -0.22 | 63 | Communication Services |
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