Looking to balance out your exposure to NGLOY? The ETFs below have the lowest correlation with NGLOY — they tend to move on their own, which can help reduce risk when NGLOY drops. The stock ideas table highlights individual companies that behave independently from NGLOY.
Best Diversifiers for NGLOY
0 ETFs have low correlation with NGLOY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.49, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.49 | 0.42 | 0.42 | 70 | S&P 500 | NGLOY vs VOO | |
| Sprott Junior Copper Miners ETF | 0.65 | 0.66 | — | 73 | Commodity Producers Equities | NGLOY vs COPJ | |
| Global X Copper Miners ETF | 0.81 | 0.76 | 0.78 | 75 | Materials | NGLOY vs COPX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NGLOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NGLOY and solid risk/return profiles. The least correlated is Antofagasta PLC (ANFGF) (Basic Materials) with a 1Y correlation of 0.57, up from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antofagasta PLC | 0.57 | 0.39 | 0.36 | 90 | Basic Materials | |
| Taseko Mines Limited | 0.58 | 0.56 | 0.56 | 93 | Basic Materials | |
| Vale S.A. | 0.63 | 0.63 | 0.63 | 90 | Basic Materials | |
| BHP Group | 0.68 | 0.69 | 0.73 | 92 | Basic Materials | |
| Freeport-McMoRan Inc. | 0.68 | 0.68 | 0.68 | 80 | Basic Materials |
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