Looking to balance out your exposure to NFE? The ETFs below have historically moved differently from NFE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NFE
2 ETFs have low correlation with NFE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.08, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.08 | 0.16 | 0.27 | 61 | Technology Equities | NFE vs IYW | |
| State Street SPDR S&P 500 ETF | 0.11 | 0.21 | 0.33 | 78 | S&P 500 | NFE vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NFE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Sempra Energy (SRE) (Utilities) with a 1Y correlation of -0.06, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sempra Energy | -0.06 | 0.10 | 0.16 | 61 | Utilities | |
| uniQure N.V. | -0.02 | 0.09 | 0.19 | 84 | Healthcare | |
| Scholar Rock Holding Corporation | -0.01 | 0.07 | 0.13 | 61 | Healthcare | |
| MBX Biosciences, Inc | 0.01 | — | — | 97 | Healthcare | |
| Kinder Morgan, Inc. | 0.03 | 0.24 | 0.35 | 69 | Energy |
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