Looking to balance out your exposure to NI? The ETFs below have the lowest correlation with NI — they tend to move on their own, which can help reduce risk when NI drops. The stock ideas table highlights individual companies that behave independently from NI.
Best Diversifiers for NI
3 ETFs have low correlation with NI (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.06, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.06 | 0.10 | 0.17 | 64 | Nasdaq-100 | NI vs QQQM | |
| First Trust Global Wind Energy ETF | 0.18 | 0.28 | 0.30 | 66 | Alternative Energy Equities | NI vs FAN | |
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.41 | 0.45 | 87 | Dividend | NI vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NI and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.06 | 0.04 | 0.08 | 71 | Technology | |
| NVIDIA Corporation | -0.05 | -0.03 | 0.03 | 66 | Technology | |
| Exxon Mobil Corporation | -0.03 | 0.13 | 0.16 | 75 | Energy | |
| Chevron Corporation | 0.00 | 0.12 | 0.15 | 72 | Energy | |
| QUALCOMM Incorporated | 0.01 | 0.03 | 0.09 | 65 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NI
Add NI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NI