Looking to balance out your exposure to NNE? The ETFs below have the lowest correlation with NNE — they tend to move on their own, which can help reduce risk when NNE drops. The stock ideas table highlights individual companies that behave independently from NNE.
Best Diversifiers for NNE
0 ETFs have low correlation with NNE (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Strive U.S. Semiconductor ETF | 0.40 | — | — | 95 | Semiconductors, Technology Equities | NNE vs SHOC | |
| Vanguard S&P 500 ETF | 0.48 | 0.40 | 0.40 | 70 | S&P 500 | NNE vs VOO | |
| First Trust RBA American Industrial Renaissance ET... | 0.49 | — | — | 78 | Building & Construction | NNE vs AIRR | |
| Sprott Energy Transition Materials ETF | 0.52 | — | — | 82 | Energy Equities | NNE vs SETM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NNE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NNE and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.08 | 0.08 | 63 | Consumer Defensive | |
| Apache Corporation | -0.07 | — | — | 90 | Energy | |
| Bristol-Myers Squibb Company | 0.03 | — | — | 63 | Healthcare | |
| Eli Lilly and Company | 0.03 | — | — | 72 | Healthcare | |
| CSG Systems International, Inc. | 0.10 | — | — | 83 | Technology |
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