Looking to balance out your exposure to NBTB? The ETFs below have the lowest correlation with NBTB — they tend to move on their own, which can help reduce risk when NBTB drops. The stock ideas table highlights individual companies that behave independently from NBTB.
Best Diversifiers for NBTB
2 ETFs have low correlation with NBTB (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.17, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.17 | 0.27 | 0.30 | 59 | Nasdaq-100 | NBTB vs QQQ | |
| Vanguard S&P 500 ETF | 0.30 | 0.38 | 0.41 | 64 | S&P 500 | NBTB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.39 | 0.42 | 63 | S&P 500 | NBTB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NBTB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NBTB and solid risk/return profiles. The least correlated is IES Holdings, Inc. (IESC) (Industrials) with a 1Y correlation of 0.23, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IES Holdings, Inc. | 0.23 | 0.28 | 0.32 | 89 | Industrials | |
| Evercore Inc. | 0.42 | 0.53 | 0.51 | 61 | Financial Services | |
| Northeast Bank | 0.72 | 0.68 | 0.60 | 75 | Financial Services |
Build a portfolio that complements NBTB
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