Looking to balance out your exposure to NC? The ETFs below have the lowest correlation with NC — they tend to move on their own, which can help reduce risk when NC drops. The stock ideas table highlights individual companies that behave independently from NC.
No Diversifiers Found for NC
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 NC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NC and solid risk/return profiles. The least correlated is Imperial Petroleum Inc. (IMPPP) (Energy) with a 1Y correlation of -0.01, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Imperial Petroleum Inc. | -0.01 | -0.02 | — | 77 | Energy | |
| PBF Energy Inc. | 0.06 | 0.21 | 0.25 | 83 | Energy | |
| British American Tobacco p.l.c. | 0.17 | 0.15 | 0.22 | 77 | Consumer Defensive | |
| DHT Holdings, Inc. | 0.21 | 0.18 | 0.20 | 82 | Energy |
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