Looking to balance out your exposure to NNGRY? The ETFs below have historically moved differently from NNGRY, 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 NNGRY
0 ETFs have low correlation with NNGRY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Asia 50 ETF (AIA) (Asia Pacific Equities) with a 1Y correlation of 0.34, roughly unchanged from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Asia 50 ETF | 0.34 | 0.32 | 0.40 | 80 | Asia Pacific Equities | NNGRY vs AIA |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NNGRY, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.06, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.06 | 0.12 | 0.26 | 82 | Energy | |
| The Williams Companies, Inc. | 0.01 | 0.15 | 0.25 | 75 | Energy | |
| Graham Corporation | 0.28 | 0.13 | 0.16 | 91 | Industrials | |
| RWE AG PK | 0.32 | 0.36 | 0.36 | 89 | Utilities |
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