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
12 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 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | 0.12 | 0.17 | 0.24 | 70 | Dividend, Large Cap Value Equities | NGD vs HDV | |
| VanEck Semiconductor ETF | 0.18 | 0.16 | 0.18 | 94 | Semiconductors, Technology Equities | NGD vs SMH | |
| Invesco S&P 500 Momentum ETF | 0.19 | 0.17 | 0.22 | 68 | Momentum, S&P 500 | NGD vs SPMO | |
| Capital Group Dividend Value ETF | 0.22 | 0.24 | — | 69 | Large Cap Value Equities, Dividend | NGD vs CGDV | |
| iShares MSCI Spain ETF | 0.22 | 0.24 | 0.27 | 71 | Europe Equities | NGD vs EWP |
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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 -0.03, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.03 | 0.15 | 0.20 | 66 | Energy | |
| Verizon Communications Inc. | -0.01 | 0.13 | 0.15 | 66 | Communication Services | |
| Eton Pharmaceuticals Inc | -0.01 | 0.05 | 0.10 | 90 | Healthcare | |
| CareTrust REIT, Inc. | 0.01 | 0.14 | 0.16 | 78 | Real Estate | |
| Exxon Mobil Corporation | 0.01 | 0.09 | 0.19 | 72 | Energy |
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Build a portfolio that complements NGD
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