Looking to balance out your exposure to NKSH? The ETFs below have the lowest correlation with NKSH — they tend to move on their own, which can help reduce risk when NKSH drops. The stock ideas table highlights individual companies that behave independently from NKSH.
Best Diversifiers for NKSH
0 ETFs have low correlation with NKSH (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.39, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.39 | 0.40 | 0.32 | 83 | Dividend | NKSH vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NKSH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NKSH and solid risk/return profiles. The least correlated is UMB Financial Corporation (UMBF) (Financial Services) with a 1Y correlation of 0.57, up from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UMB Financial Corporation | 0.57 | 0.49 | 0.40 | 76 | Financial Services |
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