Looking to balance out your exposure to NNDM? The ETFs below have the lowest correlation with NNDM — they tend to move on their own, which can help reduce risk when NNDM drops. The stock ideas table highlights individual companies that behave independently from NNDM.
Best Diversifiers for NNDM
0 ETFs have low correlation with NNDM (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 0.41, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.41 | 0.37 | 0.42 | 70 | S&P 500 | NNDM vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NNDM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NNDM and solid risk/return profiles. The least correlated is NIO Inc. (NIO) (Consumer Cyclical) with a 1Y correlation of 0.07, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NIO Inc. | 0.07 | 0.22 | 0.37 | 67 | Consumer Cyclical | |
| Energy Transfer LP | 0.11 | 0.20 | 0.25 | 69 | Energy | |
| Borr Drilling Ltd | 0.17 | 0.23 | 0.22 | 91 | Energy | |
| Ford Motor Company | 0.17 | 0.24 | 0.32 | 82 | Consumer Cyclical | |
| Amazon.com, Inc | 0.20 | 0.24 | 0.33 | 60 | Consumer Cyclical |
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