Looking to balance out your exposure to NKTX? The ETFs below have the lowest correlation with NKTX — they tend to move on their own, which can help reduce risk when NKTX drops. The stock ideas table highlights individual companies that behave independently from NKTX.
Best Diversifiers for NKTX
1 ETFs have low correlation with NKTX (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | 0.00 | -0.01 | 100 | Ultrashort Bond | NKTX vs SGOV | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.31 | 0.35 | 70 | S&P 500 | NKTX vs SPY |
Diversification Analysis
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