Looking to balance out your exposure to NEA? The ETFs below have historically moved differently from NEA, 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 NEA
17 ETFs have low correlation with NEA (below 0.3), 2 of which are negatively correlated. The least correlated is Global X MLP ETF (MLPA) (MLPs) with a 1Y correlation of -0.06, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP ETF | -0.06 | 0.09 | 0.13 | 54 | MLPs | NEA vs MLPA | |
| Alerian MLP ETF | -0.06 | 0.09 | 0.13 | 55 | MLPs | NEA vs AMLP | |
| Janus Henderson AAA CLO ETF | 0.04 | 0.07 | 0.08 | 99 | CLO | NEA vs JAAA | |
| Eldridge BBB-B CLO ETF | 0.05 | 0.02 | — | 55 | CLO | NEA vs CLOZ | |
| Schwab U.S. Dividend Equity ETF | 0.14 | 0.24 | 0.25 | 94 | Dividend | NEA vs SCHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NEA, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.08, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.08 | 0.08 | 0.10 | 82 | Energy | |
| Antero Midstream Corporation | -0.07 | 0.08 | 0.11 | 70 | Energy | |
| Enbridge Inc. | 0.03 | 0.18 | 0.21 | 72 | Energy | |
| TORM plc | 0.04 | 0.01 | 0.02 | 82 | Energy | |
| International Seaways, Inc. | 0.06 | 0.02 | 0.01 | 97 | Industrials |
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