Looking to balance out your exposure to NMIH? The ETFs below have the lowest correlation with NMIH — they tend to move on their own, which can help reduce risk when NMIH drops. The stock ideas table highlights individual companies that behave independently from NMIH.
Best Diversifiers for NMIH
1 ETFs have low correlation with NMIH (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.18, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.18 | 0.32 | 0.43 | 59 | S&P 500 | NMIH vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NMIH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NMIH and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.11, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.11 | 0.07 | 0.19 | 72 | Technology | |
| Warrior Met Coal, Inc. | -0.06 | 0.13 | 0.20 | 85 | Basic Materials | |
| NVIDIA Corporation | -0.05 | 0.04 | 0.19 | 72 | Technology | |
| Teradyne, Inc. | -0.05 | 0.13 | 0.24 | 98 | Technology | |
| Applied Materials, Inc. | -0.01 | 0.11 | 0.25 | 97 | Technology |
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