Looking to balance out your exposure to NHI? The ETFs below have the lowest correlation with NHI — they tend to move on their own, which can help reduce risk when NHI drops. The stock ideas table highlights individual companies that behave independently from NHI.
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 -0.04, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.04 | 0.19 | 0.26 | 74 | S&P 500 | NHI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NHI and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.23, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.23 | 0.04 | 0.11 | 61 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.10 | 0.00 | 0.07 | 95 | Technology | |
| EOG Resources, Inc. | -0.06 | 0.05 | 0.13 | 71 | Energy | |
| NVIDIA Corporation | -0.03 | -0.01 | 0.05 | 80 | Technology | |
| HF Sinclair Corp | -0.02 | 0.09 | 0.16 | 93 | Energy |
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