Looking to balance out your exposure to NGD? The ETFs below have the lowest correlation with NGD — they tend to move on their own, which can help reduce risk when NGD drops. The stock ideas table highlights individual companies that behave independently from NGD.
Best Diversifiers for NGD
10 ETFs have low correlation with NGD (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of 0.12, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | 0.12 | 0.16 | 0.23 | 85 | Dividend, Large Cap Value Equities | NGD vs HDV | |
| Invesco S&P 500 Momentum ETF | 0.17 | 0.16 | 0.22 | 51 | Momentum, S&P 500 | NGD vs SPMO | |
| VanEck Semiconductor ETF | 0.19 | 0.15 | 0.18 | 90 | Semiconductors, Technology Equities | NGD vs SMH | |
| Invesco QQQ ETF | 0.22 | 0.18 | 0.19 | 53 | Nasdaq-100 | NGD vs QQQ | |
| Capital Group Dividend Value ETF | 0.23 | 0.23 | — | 70 | Large Cap Value Equities, Dividend | NGD vs CGDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NGD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NGD and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.02 | 0.14 | 0.20 | 77 | Energy | |
| CareTrust REIT, Inc. | -0.02 | 0.12 | 0.15 | 87 | Real Estate | |
| Omega Healthcare Investors, Inc. | -0.01 | 0.09 | 0.13 | 90 | Real Estate | |
| Cheniere Energy, Inc. | -0.01 | 0.15 | 0.19 | 57 | Energy | |
| Eton Pharmaceuticals Inc | -0.01 | 0.03 | 0.10 | 94 | Healthcare |
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Build a portfolio that complements NGD
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