Looking to diversify beyond NEAR? The ETFs below have the lowest correlation with NEAR — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NEAR.
Best Diversifiers for NEAR
1185 ETFs have low correlation with NEAR (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.48 | -0.42 | 61 | Leveraged Currency | NEAR vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.25 | -0.16 | 69 | Oil & Gas | NEAR vs UGA | |
| Invesco DB Oil Fund | -0.38 | -0.21 | -0.13 | 65 | Oil & Gas | NEAR vs DBO | |
| Invesco DB Energy Fund | -0.38 | -0.22 | -0.15 | 71 | Oil & Gas | NEAR vs DBE | |
| United States Brent Oil Fund LP | -0.37 | -0.21 | -0.14 | 65 | Oil & Gas | NEAR vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NEAR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NEAR and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of -0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.04 | 0.03 | 0.04 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.06 | 0.05 | 0.06 | 88 | Financial Services | |
| Frontline Ltd. | 0.06 | -0.02 | -0.03 | 89 | Energy | |
| Matson, Inc. | 0.15 | 0.06 | 0.04 | 83 | Industrials |
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