Looking to diversify beyond NCLO? The ETFs below have the lowest correlation with NCLO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NCLO.
Best Diversifiers for NCLO
1134 ETFs have low correlation with NCLO (below 0.3), 49 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Dry Bulk Shipping ETF | -0.14 | — | — | 80 | Commodities | NCLO vs BDRY | |
| Global X 1-3 Month T-Bill ETF | -0.14 | — | — | 100 | Ultrashort Bond | NCLO vs CLIP | |
| Franklin Ultra Short Bond ETF | -0.12 | — | — | 96 | Ultrashort Bond | NCLO vs FLUD | |
| Brookstone Ultra-Short Bond ETF | -0.10 | — | — | 99 | Ultrashort Bond | NCLO vs BAMU | |
| iShares Core High Dividend ETF | -0.07 | 0.04 | 0.04 | 72 | Dividend, Large Cap Value Equities | NCLO vs HDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NCLO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NCLO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.11 | — | — | 72 | Real Estate |
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