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
10 ETFs have low correlation with NEA (below 0.3), 0 of which are negatively correlated. The least correlated is Panagram BBB-B CLO ETF (CLOZ) (CLO) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Panagram BBB-B CLO ETF | 0.03 | 0.02 | — | 51 | CLO | NEA vs CLOZ | |
| AAM Low Duration Preferred and Income Securities E... | 0.16 | 0.35 | 0.35 | 57 | Preferred Stock/Convertible Bonds | NEA vs PFLD | |
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.26 | 0.25 | 87 | Dividend | NEA vs SCHD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.17 | 0.21 | — | 68 | Nasdaq-100, Derivative Income | NEA vs JEPQ | |
| iShares Interest Rate Hedged High Yield Bond ETF | 0.19 | 0.19 | 0.22 | 80 | High Yield Bonds, Corporate Bonds | NEA vs HYGH |
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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 -0.07, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.07 | 0.09 | 0.11 | 78 | Energy | |
| Energy Transfer LP | -0.06 | 0.09 | 0.11 | 72 | Energy | |
| Alliance Resource Partners, L.P. | -0.01 | 0.02 | 0.03 | 50 | Energy | |
| TORM plc | 0.04 | 0.02 | 0.03 | 87 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.05 | 0.08 | — | 85 | Financial Services |
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Build a portfolio that complements NEA
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