Looking to balance out your exposure to NDAQ? The ETFs below have the lowest correlation with NDAQ — they tend to move on their own, which can help reduce risk when NDAQ drops. The stock ideas table highlights individual companies that behave independently from NDAQ.
Best Diversifiers for NDAQ
127 ETFs have low correlation with NDAQ (below 0.3), 8 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.08 | -0.01 | 0.06 | 54 | Leveraged Commodities | NDAQ vs UCO | |
| United States Oil Fund LP | -0.08 | -0.02 | 0.05 | 66 | Oil & Gas | NDAQ vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.05 | 0.04 | 0.09 | 75 | Commodities | NDAQ vs DBC | |
| iShares Global Energy ETF | -0.04 | 0.15 | 0.21 | 76 | Energy Equities | NDAQ vs IXC | |
| State Street Energy Select Sector SPDR ETF | -0.04 | 0.16 | 0.21 | 63 | Energy Equities | NDAQ vs XLE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NDAQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NDAQ and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.13 | 0.01 | 0.05 | 86 | Energy | |
| BP p.l.c. | -0.10 | 0.07 | 0.14 | 87 | Energy | |
| PepsiCo, Inc. | -0.08 | 0.14 | 0.22 | 56 | Consumer Defensive | |
| Chevron Corporation | -0.08 | 0.10 | 0.17 | 83 | Energy | |
| Energy Transfer LP | -0.06 | 0.19 | 0.24 | 69 | Energy |
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