Looking to balance out your exposure to NINE? The ETFs below have the lowest correlation with NINE — they tend to move on their own, which can help reduce risk when NINE drops. The stock ideas table highlights individual companies that behave independently from NINE.
Best Diversifiers for NINE
1 ETFs have low correlation with NINE (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of 0.18, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | 0.18 | 0.20 | 0.20 | 88 | Nasdaq-100, Derivative Income | NINE vs QYLD | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.47 | 0.53 | 0.57 | 89 | Energy Equities | NINE vs XES |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NINE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NINE and solid risk/return profiles. The least correlated is Sempra Energy (SRE) (Utilities) with a 1Y correlation of 0.14, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sempra Energy | 0.14 | 0.14 | 0.16 | 67 | Utilities |
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