Looking to balance out your exposure to NGNE? The ETFs below have historically moved differently from NGNE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.26, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.26 | 0.27 | 0.30 | 68 | S&P 500 | NGNE vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NGNE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Williams-Sonoma, Inc. (WSM) (Consumer Cyclical) with a 1Y correlation of 0.07, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Williams-Sonoma, Inc. | 0.07 | 0.18 | 0.20 | 66 | Consumer Cyclical | |
| Jackson Financial Inc. | 0.09 | 0.12 | — | 81 | Financial Services |
Build a portfolio that complements NGNE
Add NGNE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NGNE