Looking to balance out your exposure to NEGG? The ETFs below have the lowest correlation with NEGG — they tend to move on their own, which can help reduce risk when NEGG drops. The stock ideas table highlights individual companies that behave independently from NEGG.
Best Diversifiers for NEGG
1 ETFs have low correlation with NEGG (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Growth ETF (VOOG) (S&P 500) with a 1Y correlation of 0.24, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Growth ETF | 0.24 | 0.27 | 0.34 | 58 | S&P 500, Large Cap Growth Equities | NEGG vs VOOG |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NEGG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NEGG and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Abivax SA American Depositary Shares | 0.04 | — | — | 97 | Healthcare | |
| Oracle Corporation | 0.13 | 0.17 | 0.21 | 58 | Technology | |
| Talen Energy Corporation | 0.15 | — | — | 67 | Utilities | |
| Micron Technology, Inc. | 0.15 | 0.22 | 0.28 | 99 | Technology | |
| Tesla, Inc. | 0.16 | 0.22 | 0.31 | 55 | Consumer Cyclical |
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