Looking to balance out your exposure to NET? The ETFs below have the lowest correlation with NET — they tend to move on their own, which can help reduce risk when NET drops. The stock ideas table highlights individual companies that behave independently from NET.
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 -0.06, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect 1-3 Month Box ETF | -0.06 | -0.01 | — | 100 | Ultrashort Bond | NET vs BOXX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.03 | 0.06 | 0.11 | 90 | Inflation-Protected Bonds | NET vs VTIP | |
| Schwab U.S. Dividend Equity ETF | -0.01 | 0.17 | 0.28 | 83 | Dividend | NET vs SCHD | |
| PGIM Ultra Short Bond ETF | 0.05 | 0.03 | 0.05 | 99 | Ultrashort Bond | NET vs PULS | |
| Themes Global Systemically Important Banks ETF | 0.15 | — | — | 85 | Financials Equities | NET vs GSIB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NET and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.29, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.29 | -0.11 | 0.00 | 82 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.24 | -0.14 | -0.07 | 50 | Consumer Defensive | |
| Verizon Communications Inc. | -0.23 | -0.12 | -0.05 | 57 | Communication Services | |
| Realty Income Corporation | -0.21 | -0.05 | 0.09 | 69 | Real Estate | |
| Walmart Inc. | -0.15 | 0.03 | 0.12 | 69 | Consumer Defensive |
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