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
13 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 -0.07, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP ETF | -0.07 | 0.09 | 0.13 | 54 | MLPs | NEA vs MLPA | |
| Alerian MLP ETF | -0.05 | 0.09 | 0.14 | 56 | MLPs | NEA vs AMLP | |
| Panagram BBB-B CLO ETF | 0.06 | 0.03 | — | 54 | CLO | NEA vs CLOZ | |
| Schwab U.S. Dividend Equity ETF | 0.11 | 0.24 | 0.25 | 91 | Dividend | NEA vs SCHD | |
| State Street Blackstone Senior Loan ETF | 0.16 | 0.22 | 0.25 | 53 | Bank Loan, High Yield Bonds | NEA vs SRLN |
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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 -0.08, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.08 | 0.08 | 0.11 | 85 | Energy | |
| Energy Transfer LP | -0.08 | 0.08 | 0.10 | 83 | Energy | |
| TORM plc | 0.03 | 0.01 | 0.02 | 90 | Energy | |
| Enbridge Inc. | 0.03 | 0.18 | 0.21 | 88 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.04 | 0.08 | 0.08 | 85 | Financial Services |
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Build a portfolio that complements NEA
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