Looking to balance out your exposure to NBTX? The ETFs below have historically moved differently from NBTX, 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 NBTX
2 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 0.06, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.06 | 0.10 | 0.09 | 95 | Dividend | NBTX vs SCHD | |
| Vanguard Total World Stock ETF | 0.30 | 0.23 | 0.19 | 70 | Global Equities | NBTX vs VT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NBTX, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | -0.00 | 0.01 | 62 | Consumer Defensive | |
| McKesson Corporation | -0.03 | -0.02 | 0.00 | 67 | Healthcare | |
| The Cigna Group | -0.02 | 0.02 | 0.00 | 51 | Healthcare | |
| Humana Inc. | 0.01 | -0.01 | -0.00 | 71 | Healthcare | |
| New Oriental Education & Technology Group Inc. | 0.02 | 0.05 | 0.09 | 72 | Consumer Defensive |
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