Looking to balance out your exposure to NGVC? The ETFs below have historically moved differently from NGVC, 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 NGVC
6 ETFs have low correlation with NGVC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total World Stock ETF (VT) (Global Equities) with a 1Y correlation of 0.02, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total World Stock ETF | 0.02 | 0.22 | 0.26 | 71 | Global Equities | NGVC vs VT | |
| iShares Ultra Short Duration Bond Active ETF | 0.02 | 0.10 | 0.05 | 99 | Ultrashort Bond | NGVC vs ICSH | |
| State Street SPDR S&P 500 ETF | 0.03 | 0.21 | 0.25 | 72 | S&P 500 | NGVC vs SPY | |
| JPMorgan Ultra-Short Income ETF | 0.04 | 0.05 | 0.00 | 99 | Ultrashort Bond | NGVC vs JPST | |
| WisdomTree U.S. Efficient Core Fund | 0.06 | 0.23 | 0.25 | 54 | Diversified Portfolio | NGVC vs NTSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NGVC, 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 Leonardo SpA ADR (FINMY) (Industrials) with a 1Y correlation of 0.00, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Leonardo SpA ADR | 0.00 | 0.02 | 0.04 | 58 | Industrials | |
| Medical Properties Trust, Inc | 0.05 | 0.17 | 0.21 | 63 | Real Estate | |
| FirstCash, Inc. | 0.14 | 0.19 | 0.18 | 90 | Financial Services | |
| Walmart Inc. | 0.31 | 0.25 | 0.26 | 58 | Consumer Defensive |
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