Looking to balance out your exposure to NIOBW? The ETFs below have the lowest correlation with NIOBW — they tend to move on their own, which can help reduce risk when NIOBW drops. The stock ideas table highlights individual companies that behave independently from NIOBW.
No Diversifiers Found for NIOBW
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 NIOBW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NIOBW and solid risk/return profiles. The least correlated is Lynas Rare Earths Ltd ADR (LYSDY) (Basic Materials) with a 1Y correlation of 0.36, up from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lynas Rare Earths Ltd ADR | 0.36 | 0.16 | — | 85 | Basic Materials | |
| TMC the metals company Inc. | 0.46 | 0.17 | — | 57 | Basic Materials | |
| Lithium Americas Corp. | 0.50 | — | — | 71 | Basic Materials | |
| United States Antimony Corporation | 0.51 | 0.21 | — | 82 | Basic Materials |
Build a portfolio that complements NIOBW
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Analyze a portfolio with NIOBW