Looking to balance out your exposure to NHI? The ETFs below have historically moved differently from NHI, 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 NHI
1 ETFs have low correlation with NHI (below 0.3), 1 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.16, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.16 | 0.14 | 0.23 | 72 | S&P 500 | NHI vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NHI, 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 Adeia Inc (ADEA) (Technology) with a 1Y correlation of -0.19, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Adeia Inc | -0.19 | 0.05 | 0.12 | 92 | Technology | |
| Teradata Corporation | -0.17 | 0.04 | 0.11 | 79 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.16 | -0.04 | 0.04 | 88 | Technology | |
| Argan, Inc. | -0.11 | 0.06 | 0.16 | 92 | Industrials | |
| NVIDIA Corporation | -0.11 | -0.03 | 0.04 | 59 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NHI
Add NHI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NHI