Looking to balance out your exposure to NECB? The ETFs below have the lowest correlation with NECB — they tend to move on their own, which can help reduce risk when NECB drops. The stock ideas table highlights individual companies that behave independently from NECB.
Best Diversifiers for NECB
3 ETFs have low correlation with NECB (below 0.3), 2 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.13, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.13 | -0.06 | -0.05 | 61 | Leveraged Currency | NECB vs YCS | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.02 | 0.00 | 100 | Ultrashort Bond | NECB vs SGOV | |
| Invesco Ultra Short Duration ETF | 0.02 | 0.05 | 0.03 | 100 | Ultrashort Bond | NECB vs GSY | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.34 | 0.30 | 70 | S&P 500 | NECB vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.38 | 0.42 | 0.36 | 80 | Dividend | NECB vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NECB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NECB and solid risk/return profiles. The least correlated is Teekay Tankers Ltd. (TNK) (Energy) with a 1Y correlation of -0.02, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teekay Tankers Ltd. | -0.02 | 0.07 | 0.09 | 82 | Energy | |
| Altria Group, Inc. | 0.05 | 0.13 | 0.13 | 69 | Consumer Defensive | |
| NVIDIA Corporation | 0.07 | 0.11 | 0.13 | 78 | Technology | |
| Verizon Communications Inc. | 0.08 | 0.11 | 0.10 | 59 | Communication Services | |
| Eli Lilly and Company | 0.13 | 0.10 | 0.07 | 72 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NECB
Add NECB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NECB