Looking to balance out your exposure to NGS? The ETFs below have the lowest correlation with NGS — they tend to move on their own, which can help reduce risk when NGS drops. The stock ideas table highlights individual companies that behave independently from NGS.
Best Diversifiers for NGS
2 ETFs have low correlation with NGS (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.20, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.20 | 0.18 | 0.17 | 96 | Semiconductors, Technology Equities | NGS vs SMH | |
| ProShares UltraPro S&P 500 | 0.22 | 0.24 | 0.21 | 62 | Leveraged Equities, S&P 500 | NGS vs UPRO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NGS and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of 0.12, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.12 | 0.16 | 0.11 | 59 | Technology | |
| Blue Bird Corporation | 0.15 | 0.15 | 0.17 | 86 | Consumer Cyclical |
Build a portfolio that complements NGS
Add NGS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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