Looking to balance out your exposure to NKTX? The ETFs below have historically moved differently from NKTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NKTX
1 ETFs have low correlation with NKTX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.00, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.00 | 0.01 | -0.01 | 100 | Ultrashort Bond | NKTX vs SGOV | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.31 | 0.35 | 67 | S&P 500 | NKTX vs SPY |
Diversification Analysis
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