Looking to balance out your exposure to NBTB? The ETFs below have historically moved differently from NBTB, 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 NBTB
2 ETFs have low correlation with NBTB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.28, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.38 | 0.41 | 68 | S&P 500 | NBTB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.38 | 0.41 | 67 | S&P 500 | NBTB vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NBTB, 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 Carpenter Technology Corporation (CRS) (Industrials) with a 1Y correlation of 0.16, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Carpenter Technology Corporation | 0.16 | 0.32 | 0.38 | 94 | Industrials | |
| IES Holdings, Inc. | 0.18 | 0.27 | 0.30 | 86 | Industrials | |
| Northeast Bank | 0.70 | 0.67 | 0.59 | 65 | Financial Services |
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