Looking to diversify beyond NLR? The ETFs below have historically moved differently from NLR, 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 NLR
520 ETFs have low correlation with NLR (below 0.3), 108 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 69 | Derivative Income | NLR vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | — | 51 | Cryptocurrency | NLR vs BITI | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.25 | — | — | 96 | Inflation-Protected Bonds | NLR vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | — | — | 97 | Inflation-Protected Bonds | NLR vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | 0.01 | 0.01 | 98 | Inflation-Protected Bonds | NLR vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NLR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.28 | -0.08 | 0.10 | 87 | Consumer Defensive | |
| Altria Group, Inc. | -0.25 | -0.10 | 0.06 | 66 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.25 | -0.10 | 0.05 | 57 | Consumer Defensive | |
| Chubb Limited | -0.20 | -0.00 | 0.15 | 87 | Financial Services | |
| Verizon Communications Inc. | -0.19 | -0.04 | 0.10 | 66 | Communication Services |
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