Looking to balance out your exposure to NLOP? The ETFs below have historically moved differently from NLOP, 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 NLOP
2 ETFs have low correlation with NLOP (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.21 | — | — | 68 | S&P 500 | NLOP vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | — | — | 67 | S&P 500 | NLOP vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NLOP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.04 | — | — | 77 | Real Estate | |
| Cummins Inc. | 0.06 | — | — | 92 | Industrials | |
| W. P. Carey Inc. | 0.13 | — | — | 79 | Real Estate | |
| Solventum Corp | 0.15 | — | — | 63 | Healthcare | |
| Annaly Capital Management, Inc. | 0.18 | — | — | 80 | Real Estate |
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