Looking to balance out your exposure to NCSM? The ETFs below have the lowest correlation with NCSM — they tend to move on their own, which can help reduce risk when NCSM drops. The stock ideas table highlights individual companies that behave independently from NCSM.
Best Diversifiers for NCSM
1 ETFs have low correlation with NCSM (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.13, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.13 | 0.10 | 0.14 | 63 | S&P 500 | NCSM vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NCSM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NCSM and solid risk/return profiles. The least correlated is Rigetti Computing Inc (RGTI) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rigetti Computing Inc | 0.09 | 0.06 | 0.06 | 64 | Technology | |
| D-Wave Quantum Inc | 0.09 | 0.01 | — | 62 | Technology | |
| Roku, Inc. | 0.14 | 0.12 | 0.08 | 78 | Communication Services | |
| Diamondback Energy, Inc. | 0.15 | 0.15 | 0.17 | 76 | Energy | |
| Applied Optoelectronics, Inc. | 0.17 | 0.11 | 0.10 | 95 | Technology |
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