Looking to balance out your exposure to NEXNY? The ETFs below have the lowest correlation with NEXNY — they tend to move on their own, which can help reduce risk when NEXNY drops. The stock ideas table highlights individual companies that behave independently from NEXNY.
No Diversifiers Found for NEXNY
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 NEXNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NEXNY and solid risk/return profiles. The least correlated is Prysmian SPA ADR (PRYMY) (Industrials) with a 1Y correlation of 0.42, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Prysmian SPA ADR | 0.42 | 0.46 | 0.35 | 97 | Industrials |
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