Looking to balance out your exposure to NGVC? The ETFs below have the lowest correlation with NGVC — they tend to move on their own, which can help reduce risk when NGVC drops. The stock ideas table highlights individual companies that behave independently from NGVC.
Best Diversifiers for NGVC
6 ETFs have low correlation with NGVC (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Income ETF (JPST) (Ultrashort Bond) with a 1Y correlation of 0.03, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | 0.03 | 0.05 | 0.00 | 99 | Ultrashort Bond | NGVC vs JPST | |
| iShares Ultra Short Duration Bond Active ETF | 0.03 | 0.10 | 0.05 | 99 | Ultrashort Bond | NGVC vs ICSH | |
| Vanguard Total World Stock ETF | 0.10 | 0.26 | 0.28 | 67 | Global Equities | NGVC vs VT | |
| State Street SPDR S&P 500 ETF | 0.12 | 0.25 | 0.27 | 70 | S&P 500 | NGVC vs SPY | |
| WisdomTree U.S. Efficient Core Fund | 0.13 | 0.25 | 0.26 | 60 | Diversified Portfolio | NGVC vs NTSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NGVC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NGVC and solid risk/return profiles. The least correlated is Medical Properties Trust, Inc (MPT) (Real Estate) with a 1Y correlation of 0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Medical Properties Trust, Inc | 0.03 | 0.17 | 0.21 | 56 | Real Estate | |
| Walmart Inc. | 0.27 | 0.22 | 0.24 | 63 | Consumer Defensive |
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