Looking to balance out your exposure to NESR? The ETFs below have the lowest correlation with NESR — they tend to move on their own, which can help reduce risk when NESR drops. The stock ideas table highlights individual companies that behave independently from NESR.
Best Diversifiers for NESR
1 ETFs have low correlation with NESR (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Energy Income ETF (EINC) (Energy Equities) with a 1Y correlation of 0.05, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Energy Income ETF | 0.05 | 0.15 | 0.36 | 62 | Energy Equities | NESR vs EINC | |
| iShares Edge MSCI USA Value Factor ETF | 0.32 | 0.26 | 0.35 | 97 | Large Cap Value Equities | NESR vs VLUE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NESR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NESR and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.14, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.14 | -0.09 | 0.00 | 71 | Financial Services | |
| CrowdStrike Holdings, Inc. | -0.06 | 0.04 | 0.08 | 72 | Technology | |
| Accelleron Industries AG ADR | 0.02 | 0.05 | 0.08 | 87 | Industrials | |
| Broadcom Inc. | 0.04 | 0.11 | 0.17 | 76 | Technology | |
| JSC National Atomic Company Kazatomprom | 0.04 | 0.04 | 0.04 | 87 | Energy |
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