Looking to balance out your exposure to NGNE? The ETFs below have the lowest correlation with NGNE — they tend to move on their own, which can help reduce risk when NGNE drops. The stock ideas table highlights individual companies that behave independently from NGNE.
Best Diversifiers for NGNE
1 ETFs have low correlation with NGNE (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 0.28, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.26 | 0.31 | 70 | S&P 500 | NGNE vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NGNE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NGNE and solid risk/return profiles. The least correlated is Williams-Sonoma, Inc. (WSM) (Consumer Cyclical) with a 1Y correlation of 0.12, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Williams-Sonoma, Inc. | 0.12 | 0.17 | 0.21 | 65 | Consumer Cyclical | |
| TopBuild Corp. | 0.19 | 0.22 | 0.23 | 67 | Industrials |
Build a portfolio that complements NGNE
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