Looking to balance out your exposure to NIC? The ETFs below have the lowest correlation with NIC — they tend to move on their own, which can help reduce risk when NIC drops. The stock ideas table highlights individual companies that behave independently from NIC.
No Diversifiers Found for NIC
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NIC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NIC and solid risk/return profiles. The least correlated is RTX Corporation (RTX) (Industrials) with a 1Y correlation of 0.20, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RTX Corporation | 0.20 | 0.25 | 0.31 | 75 | Industrials |
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