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
133 ETFs have low correlation with NDAQ (below 0.3), 6 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.11 | -0.02 | 100 | Government Bonds, Ultrashort Bond | NDAQ vs BIL | |
| iShares Treasury Floating Rate Bond ETF | -0.05 | -0.09 | -0.08 | 100 | Government Bonds, Ultrashort Bond | NDAQ vs TFLO | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.05 | — | — | 100 | Ultrashort Bond | NDAQ vs VBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.03 | 0.00 | -0.00 | 100 | Government Bonds, Ultrashort Bond | NDAQ vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | 0.00 | 0.02 | 100 | Ultrashort Bond | NDAQ vs SGOV |
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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 -0.10, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.10 | 0.02 | 0.05 | 76 | Energy | |
| PepsiCo, Inc. | -0.09 | 0.13 | 0.21 | 61 | Consumer Defensive | |
| BP p.l.c. | -0.09 | 0.07 | 0.14 | 74 | Energy | |
| Energy Transfer LP | -0.07 | 0.19 | 0.24 | 72 | Energy | |
| Exxon Mobil Corporation | -0.07 | 0.07 | 0.15 | 75 | Energy |
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