Looking to balance out your exposure to NDAQ? The ETFs below have historically moved differently from NDAQ, 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 NDAQ
193 ETFs have low correlation with NDAQ (below 0.3), 11 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.09, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.09 | -0.00 | 0.07 | 59 | Commodities | NDAQ vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.09 | -0.01 | 0.06 | 60 | Commodities | NDAQ vs PDBC | |
| Direxion Daily MU Bull 2X Shares | -0.07 | — | — | 98 | Leveraged Equities, Semiconductors | NDAQ vs MUU | |
| iShares Treasury Floating Rate Bond ETF | -0.06 | -0.09 | -0.08 | 100 | Government Bonds, Ultrashort Bond | NDAQ vs TFLO | |
| iShares Global Energy ETF | -0.05 | 0.12 | 0.19 | 66 | Energy Equities | NDAQ vs IXC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NDAQ, 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.12 | 0.01 | 0.05 | 79 | Energy | |
| Intel Corporation | -0.09 | 0.11 | 0.24 | 98 | Technology | |
| Credo Technology Group Holding Ltd | -0.09 | 0.13 | 0.21 | 76 | Technology | |
| Lumentum Holdings Inc. | -0.08 | 0.13 | 0.24 | 99 | Technology | |
| BP p.l.c. | -0.08 | 0.04 | 0.13 | 71 | Energy |
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