Looking to diversify beyond NETL? The ETFs below have historically moved differently from NETL, 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 NETL
917 ETFs have low correlation with NETL (below 0.3), 86 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.20, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.20 | -0.12 | -0.00 | 52 | Oil & Gas | NETL vs BNO | |
| Invesco DB Energy Fund | -0.20 | -0.13 | 0.01 | 72 | Oil & Gas | NETL vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.10 | 0.04 | 67 | Commodities | NETL vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.17 | -0.10 | 0.03 | 58 | Commodities | NETL vs COMT | |
| Invesco DB Oil Fund | -0.17 | -0.11 | 0.01 | 58 | Oil & Gas | NETL vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NETL, 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 Equinix, Inc. (EQIX) (Real Estate) with a 1Y correlation of 0.19, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | 0.19 | 0.40 | 0.51 | 82 | Real Estate | |
| Prologis, Inc. | 0.67 | 0.70 | 0.70 | 90 | Real Estate | |
| Realty Income Corporation | 0.77 | 0.78 | 0.80 | 77 | Real Estate |
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