Looking to balance out your exposure to NIO? The ETFs below have the lowest correlation with NIO — they tend to move on their own, which can help reduce risk when NIO drops. The stock ideas table highlights individual companies that behave independently from NIO.
Best Diversifiers for NIO
11 ETFs have low correlation with NIO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Equal Weight ETF (RSP) (S&P 500) with a 1Y correlation of 0.10, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Equal Weight ETF | 0.10 | 0.29 | 0.39 | 52 | S&P 500, Equal Weight | NIO vs RSP | |
| SPDR S&P Biotech ETF | 0.17 | 0.28 | 0.39 | 92 | Health & Biotech Equities | NIO vs XBI | |
| iShares Core S&P 500 ETF | 0.18 | 0.28 | 0.39 | 60 | S&P 500 | NIO vs IVV | |
| Vanguard S&P 500 ETF | 0.18 | 0.28 | 0.39 | 60 | S&P 500 | NIO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.18 | 0.28 | 0.39 | 60 | S&P 500 | NIO vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NIO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NIO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.02 | 0.04 | 74 | Consumer Defensive | |
| Apache Corporation | -0.08 | 0.08 | 0.17 | 86 | Energy | |
| ConocoPhillips Company | -0.07 | 0.06 | 0.10 | 65 | Energy | |
| EOG Resources, Inc. | -0.05 | 0.09 | 0.12 | 58 | Energy | |
| Walmart Inc. | -0.05 | 0.06 | 0.09 | 70 | Consumer Defensive |
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Build a portfolio that complements NIO
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