Looking to balance out your exposure to NLCP? The ETFs below have the lowest correlation with NLCP — they tend to move on their own, which can help reduce risk when NLCP drops. The stock ideas table highlights individual companies that behave independently from NLCP.
Best Diversifiers for NLCP
12 ETFs have low correlation with NLCP (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Vectors Investment Grade Floating Rate ETF (FLTR) (Corporate Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Investment Grade Floating Rate ETF | -0.01 | -0.00 | 0.03 | 99 | Corporate Bonds | NLCP vs FLTR | |
| iShares Floating Rate Bond ETF | 0.00 | 0.02 | — | 98 | Corporate Bonds | NLCP vs FLOT | |
| Invesco Variable Rate Investment Grade ETF | 0.01 | 0.05 | — | 99 | Ultrashort Bond | NLCP vs VRIG | |
| Vanguard Tax-Exempt Bond ETF | 0.05 | 0.03 | 0.03 | 72 | Municipal Bonds | NLCP vs VTEB | |
| Vanguard Ultra-Short Bond ETF | 0.07 | 0.07 | — | 98 | Ultrashort Bond | NLCP vs VUSB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NLCP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NLCP and solid risk/return profiles. The least correlated is TotalEnergies SE (TTE) (Energy) with a 1Y correlation of -0.02, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TotalEnergies SE | -0.02 | 0.06 | 0.09 | 90 | Energy | |
| Global Ship Lease, Inc. | -0.02 | 0.08 | — | 86 | Industrials | |
| Barrick Mining Corporation | 0.07 | 0.07 | — | 88 | Basic Materials | |
| Micron Technology, Inc. | 0.07 | 0.08 | 0.11 | 99 | Technology | |
| AXIA Energia SA | 0.09 | 0.05 | — | 88 | Utilities |
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