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. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.25, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.25 | 0.30 | 0.30 | 59 | S&P 500 | NLOP vs SPY | |
| Vanguard S&P 500 ETF | 0.26 | — | — | 59 | S&P 500 | NLOP vs VOO |
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. | 0.12 | — | — | 96 | Industrials | |
| Iron Mountain Incorporated | 0.20 | — | — | 69 | Real Estate |
Build a portfolio that complements NLOP
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