Looking to balance out your exposure to NG? The ETFs below have the lowest correlation with NG — they tend to move on their own, which can help reduce risk when NG drops. The stock ideas table highlights individual companies that behave independently from NG.
No Diversifiers Found for NG
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 NG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NG and solid risk/return profiles. The least correlated is Humana Inc. (HUM) (Healthcare) with a 1Y correlation of -0.05, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Humana Inc. | -0.05 | 0.01 | 0.05 | 68 | Healthcare | |
| CVS Health Corporation | 0.03 | 0.07 | 0.11 | 83 | Healthcare | |
| Micron Technology, Inc. | 0.08 | 0.13 | 0.14 | 99 | Technology | |
| AxoGen, Inc. | 0.08 | 0.16 | 0.16 | 98 | Healthcare | |
| The Hershey Company | 0.10 | 0.10 | 0.13 | 58 | Consumer Defensive |
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