Looking to diversify beyond NLR? The ETFs below have the lowest correlation with NLR — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NLR.
Best Diversifiers for NLR
432 ETFs have low correlation with NLR (below 0.3), 75 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.19 | — | — | 97 | Inflation-Protected Bonds | NLR vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | NLR vs IBIC | |
| Invesco DB Energy Fund | -0.17 | 0.03 | 0.13 | 71 | Oil & Gas | NLR vs DBE | |
| United States Oil Fund LP | -0.16 | 0.04 | 0.13 | 66 | Oil & Gas | NLR vs USO | |
| Obra Opportunistic Structured Products ETF | -0.15 | — | — | 68 | Multisector Bonds | NLR vs OOSP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NLR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NLR and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.20 | -0.03 | 0.15 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.16 | -0.01 | 0.13 | 59 | Communication Services | |
| Duke Energy Corporation | -0.13 | 0.04 | 0.19 | 53 | Utilities | |
| PepsiCo, Inc. | -0.12 | -0.04 | 0.12 | 56 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.11 | 0.10 | 0.22 | 85 | Energy |
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