Looking to balance out your exposure to NMR? The ETFs below have the lowest correlation with NMR — they tend to move on their own, which can help reduce risk when NMR drops. The stock ideas table highlights individual companies that behave independently from NMR.
Best Diversifiers for NMR
0 ETFs have low correlation with NMR (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 0.49, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.49 | 0.48 | 0.47 | 68 | S&P 500 | NMR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.48 | 0.47 | 67 | S&P 500 | NMR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NMR and solid risk/return profiles. The least correlated is Backblaze, Inc. (BLZE) (Technology) with a 1Y correlation of 0.22, roughly unchanged from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Backblaze, Inc. | 0.22 | 0.24 | — | 90 | Technology | |
| BrightSpring Health Services, Inc | 0.25 | — | — | 99 | Healthcare | |
| Principal Financial Group, Inc. | 0.30 | 0.33 | 0.39 | 89 | Financial Services | |
| StoneX Group Inc. | 0.31 | 0.31 | 0.32 | 88 | Financial Services | |
| MetLife, Inc. | 0.35 | 0.32 | 0.38 | 69 | Financial Services |
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