Looking to balance out your exposure to NCLH? The ETFs below have the lowest correlation with NCLH — they tend to move on their own, which can help reduce risk when NCLH drops. The stock ideas table highlights individual companies that behave independently from NCLH.
Best Diversifiers for NCLH
3 ETFs have low correlation with NCLH (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.06 | -0.00 | 100 | Government Bonds, Ultrashort Bond | NCLH vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.05 | 0.03 | 0.03 | 100 | Government Bonds, Ultrashort Bond | NCLH vs SHV | |
| JPMorgan Ultra-Short Income ETF | 0.19 | 0.10 | 0.07 | 99 | Ultrashort Bond | NCLH vs JPST | |
| VanEck Semiconductor ETF | 0.35 | 0.37 | 0.44 | 96 | Semiconductors, Technology Equities | NCLH vs SMH | |
| VanEck Vectors Steel ETF | 0.43 | 0.37 | 0.42 | 86 | Materials | NCLH vs SLX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NCLH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NCLH and solid risk/return profiles. The least correlated is Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.19, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.19 | 0.05 | 0.17 | 79 | Energy | |
| Halliburton Company | 0.03 | 0.11 | 0.26 | 94 | Energy | |
| CVS Health Corporation | 0.04 | 0.10 | 0.16 | 80 | Healthcare | |
| Baker Hughes Company | 0.10 | 0.16 | 0.26 | 89 | Energy | |
| Cisco Systems, Inc. | 0.11 | 0.22 | 0.30 | 95 | Technology |
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