Looking to balance out your exposure to NKE? The ETFs below have the lowest correlation with NKE — they tend to move on their own, which can help reduce risk when NKE drops. The stock ideas table highlights individual companies that behave independently from NKE.
Best Diversifiers for NKE
127 ETFs have low correlation with NKE (below 0.3), 13 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.14, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.14 | -0.03 | 0.08 | 56 | Commodities | NKE vs DBC | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | NKE vs USFR | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.13 | -0.03 | 0.08 | 57 | Commodities | NKE vs PDBC | |
| Global X MLP & Energy Infrastructure ETF | -0.11 | 0.09 | 0.24 | 75 | MLPs | NKE vs MLPX | |
| Vanguard Ultra-Short Treasury ETF | -0.07 | — | — | 100 | Ultrashort Bond, Government Bonds | NKE vs VGUS |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NKE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NKE and solid risk/return profiles. The least correlated is The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of -0.15, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.15 | 0.03 | 0.15 | 81 | Energy | |
| Altria Group, Inc. | -0.13 | 0.07 | 0.15 | 80 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.13 | 0.01 | 0.10 | 70 | Utilities | |
| Pembina Pipeline Corporation | -0.12 | 0.09 | 0.22 | 91 | Energy | |
| Cheniere Energy, Inc. | -0.11 | 0.03 | 0.14 | 57 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NKE
Add NKE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NKE