Looking to balance out your exposure to NEWP? The ETFs below have the lowest correlation with NEWP — they tend to move on their own, which can help reduce risk when NEWP drops. The stock ideas table highlights individual companies that behave independently from NEWP.
No Diversifiers Found for NEWP
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NEWP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NEWP and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.15, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.15 | 0.15 | 0.16 | 80 | Technology |
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