Looking to balance out your exposure to NNBR? The ETFs below have the lowest correlation with NNBR — they tend to move on their own, which can help reduce risk when NNBR drops. The stock ideas table highlights individual companies that behave independently from NNBR.
No Diversifiers Found for NNBR
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NNBR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NNBR and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.02 | 0.12 | 0.16 | 93 | Energy | |
| Eaton Corporation plc | 0.23 | 0.25 | 0.26 | 67 | Industrials | |
| Tesla, Inc. | 0.28 | 0.23 | 0.25 | 55 | Consumer Cyclical |
Build a portfolio that complements NNBR
Add NNBR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NNBR