Looking to balance out your exposure to NLOP? The ETFs below have the lowest correlation with NLOP — they tend to move on their own, which can help reduce risk when NLOP drops. The stock ideas table highlights individual companies that behave independently from NLOP.
Best Diversifiers for NLOP
2 ETFs have low correlation with NLOP (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.27 | — | — | 70 | S&P 500 | NLOP vs VOO | |
| State Street SPDR S&P 500 ETF | 0.27 | — | — | 70 | S&P 500 | NLOP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NLOP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NLOP and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cummins Inc. | 0.13 | — | — | 95 | Industrials | |
| Iron Mountain Incorporated | 0.19 | — | — | 67 | Real Estate |
Diversification Analysis
Build a portfolio that complements NLOP
Add NLOP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NLOP