Looking to balance out your exposure to NHTC? The ETFs below have the lowest correlation with NHTC — they tend to move on their own, which can help reduce risk when NHTC drops. The stock ideas table highlights individual companies that behave independently from NHTC.
Best Diversifiers for NHTC
2 ETFs have low correlation with NHTC (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.07 | 0.11 | 0.15 | 80 | Dividend | NHTC vs SCHD | |
| Vanguard S&P 500 ETF | 0.11 | 0.11 | 0.16 | 70 | S&P 500 | NHTC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NHTC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NHTC and solid risk/return profiles. The least correlated is Delek Logistics Partners, LP (DKL) (Energy) with a 1Y correlation of -0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek Logistics Partners, LP | -0.02 | -0.03 | 0.07 | 76 | Energy | |
| Orchid Island Capital, Inc. | 0.11 | 0.10 | 0.16 | 61 | Real Estate |
Build a portfolio that complements NHTC
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