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
13 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 0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | 0.11 | 0.17 | 0.24 | 64 | Dividend, Large Cap Value Equities | NGD vs HDV | |
| Invesco S&P 500 Momentum ETF | 0.16 | 0.18 | 0.22 | 75 | Momentum, S&P 500 | NGD vs SPMO | |
| VanEck Semiconductor ETF | 0.17 | 0.16 | 0.19 | 96 | Semiconductors, Technology Equities | NGD vs SMH | |
| Defiance Daily Target 2X Long AVGO ETF | 0.17 | — | — | 50 | Leveraged Equities | NGD vs AVGX | |
| iShares MSCI Spain ETF | 0.21 | 0.24 | 0.27 | 55 | Europe Equities | NGD vs EWP |
To view more results, upgrade your current subscription plan.
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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.02 | 0.13 | 0.16 | 59 | Communication Services | |
| Equinor ASA | -0.02 | 0.14 | 0.21 | 82 | Energy | |
| Exxon Mobil Corporation | 0.01 | 0.09 | 0.19 | 85 | Energy | |
| Dillard's, Inc. | 0.01 | 0.02 | 0.08 | 78 | Consumer Cyclical | |
| NVIDIA Corporation | 0.01 | 0.10 | 0.13 | 78 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NGD
Add NGD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NGD