Looking to balance out your exposure to NBIS? The ETFs below have the lowest correlation with NBIS — they tend to move on their own, which can help reduce risk when NBIS drops. The stock ideas table highlights individual companies that behave independently from NBIS.
Best Diversifiers for NBIS
165 ETFs have low correlation with NBIS (below 0.3), 34 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Treasury ETF | -0.16 | — | — | 83 | Government Bonds, Short-Term Bond | NBIS vs VGSH | |
| iShares 0-5 Year TIPS Bond ETF | -0.14 | — | — | 93 | Inflation-Protected Bonds | NBIS vs STIP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.14 | — | — | 100 | Government Bonds, Ultrashort Bond | NBIS vs BIL | |
| iShares 1-3 Year Treasury Bond ETF | -0.12 | — | — | 79 | Government Bonds, Short-Term Bond | NBIS vs SHY | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.11 | -0.08 | -0.08 | 93 | Inflation-Protected Bonds | NBIS vs VTIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NBIS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NBIS and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.27, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.27 | -0.23 | -0.23 | 51 | Financial Services | |
| Duke Energy Corporation | -0.18 | -0.20 | -0.20 | 53 | Utilities | |
| The Coca-Cola Company | -0.17 | — | — | 66 | Consumer Defensive | |
| The TJX Companies, Inc. | -0.15 | -0.05 | -0.05 | 78 | Consumer Cyclical | |
| Verizon Communications Inc. | -0.14 | -0.17 | -0.17 | 59 | Communication Services |
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