Looking to balance out your exposure to NBN? The ETFs below have the lowest correlation with NBN — they tend to move on their own, which can help reduce risk when NBN drops. The stock ideas table highlights individual companies that behave independently from NBN.
No Diversifiers Found for NBN
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NBN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NBN and solid risk/return profiles. The least correlated is Casey's General Stores, Inc. (CASY) (Consumer Defensive) with a 1Y correlation of 0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Casey's General Stores, Inc. | 0.06 | 0.17 | 0.21 | 94 | Consumer Defensive | |
| Murphy USA Inc. | 0.07 | 0.09 | 0.13 | 62 | Consumer Cyclical | |
| Coca-Cola Consolidated, Inc. | 0.07 | 0.13 | 0.15 | 80 | Consumer Defensive | |
| Eli Lilly and Company | 0.07 | 0.09 | 0.08 | 72 | Healthcare | |
| Fortinet, Inc. | 0.09 | 0.15 | 0.16 | 66 | Technology |
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