Looking to balance out your exposure to NFE? The ETFs below have the lowest correlation with NFE — they tend to move on their own, which can help reduce risk when NFE drops. The stock ideas table highlights individual companies that behave independently from NFE.
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 0.07, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.07 | 0.14 | 0.27 | 75 | Technology Equities | NFE vs IYW | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.20 | 0.32 | 70 | S&P 500 | NFE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NFE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NFE and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MBX Biosciences, Inc | -0.02 | — | — | 79 | Healthcare | |
| Scholar Rock Holding Corporation | -0.01 | 0.08 | 0.14 | 64 | Healthcare | |
| uniQure N.V. | -0.01 | 0.09 | 0.19 | 71 | Healthcare | |
| Sempra Energy | 0.01 | 0.13 | 0.18 | 67 | Utilities | |
| Exxon Mobil Corporation | 0.05 | 0.20 | 0.30 | 85 | Energy |
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