Looking to balance out your exposure to NBTX? The ETFs below have the lowest correlation with NBTX — they tend to move on their own, which can help reduce risk when NBTX drops. The stock ideas table highlights individual companies that behave independently from NBTX.
Best Diversifiers for NBTX
3 ETFs have low correlation with NBTX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.11, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.11 | 0.10 | 0.10 | 85 | Dividend | NBTX vs SCHD | |
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.20 | 0.15 | — | 52 | Gold | NBTX vs GDE | |
| Vanguard Total World Stock ETF | 0.26 | 0.20 | 0.18 | 70 | Global Equities | NBTX vs VT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NBTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NBTX and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.03 | 0.02 | 66 | Consumer Defensive | |
| Humana Inc. | -0.04 | -0.02 | -0.01 | 68 | Healthcare | |
| The Hershey Company | 0.01 | 0.04 | 0.03 | 58 | Consumer Defensive | |
| Erasca, Inc. | 0.07 | 0.10 | 0.08 | 98 | Healthcare | |
| UnitedHealth Group Incorporated | 0.09 | 0.05 | 0.05 | 66 | Healthcare |
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