Looking to balance out your exposure to NE? The ETFs below have the lowest correlation with NE — they tend to move on their own, which can help reduce risk when NE drops. The stock ideas table highlights individual companies that behave independently from NE.
Best Diversifiers for NE
7 ETFs have low correlation with NE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.08, down from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.08 | 0.19 | — | 57 | S&P 500, Large Cap Growth Equities | NE vs SPYG | |
| Invesco QQQ ETF | 0.10 | 0.19 | — | 73 | Nasdaq-100 | NE vs QQQ | |
| iShares MSCI Poland ETF | 0.14 | 0.23 | — | 55 | Europe Equities | NE vs EPOL | |
| iShares Semiconductor ETF | 0.14 | 0.23 | — | 97 | Semiconductors, Technology Equities | NE vs SOXX | |
| Sprott Physical Silver Trust | 0.16 | 0.20 | — | 79 | Silver, Precious Metals | NE vs PSLV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NE and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, roughly unchanged from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.12 | — | 78 | Technology | |
| Tesla, Inc. | 0.06 | 0.15 | — | 55 | Consumer Cyclical | |
| Verizon Communications Inc. | 0.06 | 0.05 | 0.09 | 59 | Communication Services | |
| PepsiCo, Inc. | 0.06 | 0.03 | — | 56 | Consumer Defensive | |
| Sibanye Stillwater Limited | 0.07 | 0.20 | — | 72 | Basic Materials |
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