Looking to balance out your exposure to NCLH? The ETFs below have historically moved differently from NCLH, 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 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 -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | NCLH vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.07 | 0.05 | 0.03 | 100 | Government Bonds, Ultrashort Bond | NCLH vs SHV | |
| JPMorgan Ultra-Short Income ETF | 0.24 | 0.12 | 0.08 | 99 | Ultrashort Bond | NCLH vs JPST | |
| VanEck Semiconductor ETF | 0.31 | 0.35 | 0.43 | 88 | Semiconductors, Technology Equities | NCLH vs SMH | |
| State Street Health Care Select Sector SPDR ETF | 0.33 | 0.28 | 0.29 | 68 | Health & Biotech Equities | NCLH vs XLV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NCLH, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.24, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.25 | -0.05 | 0.11 | 73 | Energy | |
| Halliburton Company | -0.03 | 0.08 | 0.22 | 81 | Energy | |
| The Coca-Cola Company | -0.01 | 0.03 | 0.08 | 87 | Consumer Defensive | |
| Walmart Inc. | -0.00 | 0.10 | 0.14 | 60 | Consumer Defensive | |
| CVS Health Corporation | 0.01 | 0.08 | 0.13 | 93 | Healthcare |
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