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
5 ETFs have low correlation with NGVC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Ultra Short Duration Bond Active ETF (ICSH) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Ultra Short Duration Bond Active ETF | 0.01 | 0.09 | 0.05 | 99 | Ultrashort Bond | NGVC vs ICSH | |
| JPMorgan Ultra-Short Income ETF | 0.03 | 0.06 | -0.00 | 99 | Ultrashort Bond | NGVC vs JPST | |
| Vanguard Total World Stock ETF | 0.07 | 0.24 | 0.27 | 59 | Global Equities | NGVC vs VT | |
| State Street SPDR S&P 500 ETF | 0.07 | 0.23 | 0.26 | 59 | S&P 500 | NGVC vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.27 | 0.32 | 77 | Dividend | NGVC vs SCHD |
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 Leonardo SpA ADR (FINMY) (Industrials) with a 1Y correlation of -0.06, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Leonardo SpA ADR | -0.06 | 0.02 | 0.04 | 52 | Industrials | |
| Medical Properties Trust, Inc | 0.03 | 0.17 | 0.21 | 50 | Real Estate | |
| Walmart Inc. | 0.27 | 0.22 | 0.24 | 69 | Consumer Defensive |
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