Looking to balance out your exposure to NDSN? The ETFs below have historically moved differently from NDSN, 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 NDSN
0 ETFs have low correlation with NDSN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.48, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.48 | 0.55 | 0.64 | 68 | S&P 500 | NDSN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.56 | 0.64 | 67 | S&P 500 | NDSN vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.53 | 0.65 | 0.68 | 95 | Dividend | NDSN vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NDSN, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.11, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.11 | 0.06 | 0.16 | 57 | Energy | |
| Altria Group, Inc. | -0.10 | 0.07 | 0.15 | 66 | Consumer Defensive | |
| Canadian Utilities Limited | -0.07 | 0.09 | 0.14 | 98 | Utilities | |
| Exxon Mobil Corporation | -0.04 | 0.16 | 0.21 | 84 | Energy | |
| EOG Resources, Inc. | -0.04 | 0.15 | 0.19 | 72 | Energy |
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