Looking to balance out your exposure to NMR? The ETFs below have historically moved differently from NMR, 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 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 0.51, roughly unchanged from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.51 | 0.48 | 0.48 | 66 | S&P 500 | NMR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.51 | 0.48 | 0.48 | 65 | S&P 500 | NMR vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NMR, 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 BrightSpring Health Services, Inc (BTSG) (Healthcare) with a 1Y correlation of 0.22, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BrightSpring Health Services, Inc | 0.22 | 0.25 | 0.25 | 99 | Healthcare | |
| Principal Financial Group, Inc. | 0.24 | 0.32 | 0.38 | 95 | Financial Services | |
| MetLife, Inc. | 0.31 | 0.31 | 0.38 | 81 | Financial Services | |
| StoneX Group Inc. | 0.33 | 0.32 | 0.33 | 87 | Financial Services | |
| Federated Hermes, Inc. | 0.38 | 0.33 | 0.34 | 74 | Financial Services |
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