Looking to balance out your exposure to NEA? The ETFs below have the lowest correlation with NEA — they tend to move on their own, which can help reduce risk when NEA drops. The stock ideas table highlights individual companies that behave independently from NEA.
Best Diversifiers for NEA
11 ETFs have low correlation with NEA (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Blackstone Senior Loan ETF (SRLN) (High Yield Bonds) with a 1Y correlation of 0.13, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Blackstone Senior Loan ETF | 0.13 | 0.22 | 0.24 | 52 | High Yield Bonds | NEA vs SRLN | |
| AAM Low Duration Preferred and Income Securities E... | 0.14 | 0.34 | 0.35 | 60 | Preferred Stock/Convertible Bonds | NEA vs PFLD | |
| Global X S&P 500 Covered Call ETF | 0.16 | 0.19 | 0.22 | 82 | Derivative Income, S&P 500 | NEA vs XYLD | |
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.26 | 0.25 | 80 | Dividend | NEA vs SCHD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.17 | 0.21 | — | 74 | Nasdaq-100, Derivative Income | NEA vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NEA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NEA and solid risk/return profiles. The least correlated is Antero Midstream Corporation (AM) (Energy) with a 1Y correlation of -0.09, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.09 | 0.09 | 0.10 | 65 | Energy | |
| Energy Transfer LP | -0.04 | 0.10 | 0.11 | 69 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.04 | 0.08 | — | 88 | Financial Services | |
| TORM plc | 0.06 | 0.02 | 0.03 | 88 | Energy | |
| Eagle Point Credit Company Inc. | 0.08 | 0.11 | — | 81 | Financial Services |
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Build a portfolio that complements NEA
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