Looking to balance out your exposure to NDBKY? The ETFs below have the lowest correlation with NDBKY — they tend to move on their own, which can help reduce risk when NDBKY drops. The stock ideas table highlights individual companies that behave independently from NDBKY.
No Diversifiers Found for NDBKY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NDBKY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NDBKY and solid risk/return profiles. The least correlated is Absa Group Ltd ADR (AGRPY) (Financial Services) with a 1Y correlation of 0.13, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Absa Group Ltd ADR | 0.13 | 0.22 | 0.21 | 82 | Financial Services |
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