Looking to balance out your exposure to NINOY? The ETFs below have the lowest correlation with NINOY — they tend to move on their own, which can help reduce risk when NINOY drops. The stock ideas table highlights individual companies that behave independently from NINOY.
No Diversifiers Found for NINOY
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 NINOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NINOY and solid risk/return profiles. The least correlated is Cadence Design Systems, Inc. (CDNS) (Technology) with a 1Y correlation of 0.13, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cadence Design Systems, Inc. | 0.13 | 0.13 | 0.16 | 68 | Technology |
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