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
843 ETFs have low correlation with NETL (below 0.3), 83 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.18 | -0.13 | 0.02 | 53 | Oil & Gas | NETL vs DBE | |
| Alger AI Enablers & Adopters ETF | -0.18 | — | — | 62 | Technology Equities | NETL vs ALAI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | -0.09 | 0.05 | 51 | Commodities | NETL vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.16 | -0.07 | 0.06 | 54 | Commodities | NETL vs DBC | |
| Roundhill Generative AI & Technology ETF | -0.16 | 0.05 | — | 85 | Technology Equities | NETL vs CHAT |
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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 0.23, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | 0.23 | 0.41 | 0.51 | 88 | Real Estate | |
| Prologis, Inc. | 0.68 | 0.70 | 0.70 | 87 | Real Estate | |
| Realty Income Corporation | 0.78 | 0.79 | 0.80 | 74 | Real Estate |
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