Looking to diversify beyond NDIV? The ETFs below have the lowest correlation with NDIV — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NDIV.
Best Diversifiers for NDIV
1322 ETFs have low correlation with NDIV (below 0.3), 198 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.27, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.27 | -0.04 | — | 64 | Municipal Bonds | NDIV vs BSMW | |
| FlexShares Ultra-Short Income ETF | -0.22 | -0.00 | — | 99 | Ultrashort Bond | NDIV vs RAVI | |
| Franklin Short Duration U.S. Government ETF | -0.18 | -0.06 | — | 94 | Mortgage Backed Securities | NDIV vs FTSD | |
| BNY Mellon Ultra Short Income ETF | -0.16 | -0.04 | -0.02 | 99 | Ultrashort Bond | NDIV vs BKUI | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.16 | 0.00 | — | 78 | Municipal Bonds | NDIV vs FLMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NDIV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NDIV and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.53, roughly unchanged from 0.60 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.53 | 0.60 | — | 82 | Energy | |
| Exxon Mobil Corporation | 0.66 | 0.67 | 0.70 | 68 | Energy |
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