Looking to balance out your exposure to NEU? The ETFs below have the lowest correlation with NEU — they tend to move on their own, which can help reduce risk when NEU drops. The stock ideas table highlights individual companies that behave independently from NEU.
Best Diversifiers for NEU
2 ETFs have low correlation with NEU (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.15, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.15 | 0.22 | 0.28 | 74 | Nasdaq-100 | NEU vs QQQ | |
| Vanguard S&P 500 ETF | 0.24 | 0.33 | 0.39 | 74 | S&P 500 | NEU vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NEU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NEU and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.02, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.02 | 0.12 | 0.18 | 97 | Technology | |
| Broadcom Inc. | 0.00 | 0.12 | 0.21 | 76 | Technology | |
| Walmart Inc. | 0.01 | 0.10 | 0.18 | 66 | Consumer Defensive | |
| Celestica Inc. | 0.02 | 0.11 | 0.20 | 94 | Technology | |
| Lockheed Martin Corporation | 0.02 | 0.11 | 0.19 | 51 | Industrials |
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