Looking to diversify beyond NCLO? The ETFs below have historically moved differently from NCLO, 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 NCLO
1218 ETFs have low correlation with NCLO (below 0.3), 65 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Dry Bulk Shipping ETF | -0.13 | — | — | 81 | Commodities | NCLO vs BDRY | |
| Global X 1-3 Month T-Bill ETF | -0.10 | — | — | 100 | Ultrashort Bond | NCLO vs CLIP | |
| First Trust Ultra Short Duration Municipal ETF | -0.10 | — | — | 96 | Municipal Bonds, Ultrashort Bond | NCLO vs FUMB | |
| iShares U.S. Healthcare ETF | -0.09 | 0.05 | 0.05 | 54 | Health & Biotech Equities | NCLO vs IYH | |
| Franklin Ultra Short Bond ETF | -0.09 | — | — | 96 | Ultrashort Bond | NCLO vs FLUD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NCLO, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.14, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.14 | -0.03 | -0.03 | 69 | Real Estate |
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