Looking to balance out your exposure to NET? The ETFs below have historically moved differently from NET, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NET
6 ETFs have low correlation with NET (below 0.3), 3 of which are negatively correlated. The least correlated is Alpha Architect 1-3 Month Box ETF (BOXX) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from -0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect 1-3 Month Box ETF | -0.07 | -0.01 | — | 100 | Ultrashort Bond | NET vs BOXX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.07 | 0.11 | 88 | Inflation-Protected Bonds | NET vs VTIP | |
| Schwab U.S. Dividend Equity ETF | -0.01 | 0.17 | 0.27 | 95 | Dividend | NET vs SCHD | |
| PGIM Ultra Short Bond ETF | 0.04 | 0.02 | 0.06 | 99 | Ultrashort Bond | NET vs PULS | |
| Themes Global Systemically Important Banks ETF | 0.17 | — | — | 91 | Financials Equities | NET vs GSIB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NET, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.28 | -0.10 | 0.00 | 87 | Consumer Defensive | |
| Verizon Communications Inc. | -0.24 | -0.14 | -0.05 | 66 | Communication Services | |
| Colgate-Palmolive Company | -0.23 | -0.14 | -0.07 | 57 | Consumer Defensive | |
| Realty Income Corporation | -0.20 | -0.05 | 0.09 | 74 | Real Estate | |
| Berkshire Hathaway Inc. | -0.15 | 0.03 | 0.15 | 61 | Financial Services |
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