Looking to diversify beyond NETL? The ETFs below have the lowest correlation with NETL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NETL.
Best Diversifiers for NETL
819 ETFs have low correlation with NETL (below 0.3), 56 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.16, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.16 | -0.10 | 0.01 | 65 | Oil & Gas | NETL vs BNO | |
| Invesco DB Energy Fund | -0.16 | -0.10 | 0.02 | 71 | Oil & Gas | NETL vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | -0.06 | 0.05 | 71 | Commodities | NETL vs GSG | |
| Invesco DB Oil Fund | -0.15 | -0.09 | 0.02 | 65 | Oil & Gas | NETL vs DBO | |
| iShares Commodities Select Strategy ETF | -0.13 | -0.06 | 0.06 | 70 | Commodities | NETL vs COMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NETL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NETL and solid risk/return profiles. The least correlated is Equinix, Inc. (EQIX) (Real Estate) with a 1Y correlation of 0.24, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | 0.24 | 0.42 | 0.52 | 64 | Real Estate | |
| Prologis, Inc. | 0.69 | 0.71 | 0.71 | 86 | Real Estate |
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