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
428 ETFs have low correlation with NLR (below 0.3), 72 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 65 | Inverse Equities, Leveraged Equities | NLR vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | NLR vs WNTR | |
| ProShares Short Bitcoin ETF | -0.42 | -0.32 | -0.32 | 53 | Cryptocurrency | NLR vs BITI | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.23 | — | — | 96 | Inflation-Protected Bonds | NLR vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | NLR vs RBIL |
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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 -0.24, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.24 | -0.07 | 0.11 | 82 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.22 | -0.08 | 0.07 | 50 | Consumer Defensive | |
| Altria Group, Inc. | -0.21 | -0.08 | 0.07 | 78 | Consumer Defensive | |
| Chubb Limited | -0.19 | -0.02 | 0.15 | 83 | Financial Services | |
| Verizon Communications Inc. | -0.18 | -0.02 | 0.11 | 57 | Communication Services |
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