Looking to balance out your exposure to NNGRY? The ETFs below have the lowest correlation with NNGRY — they tend to move on their own, which can help reduce risk when NNGRY drops. The stock ideas table highlights individual companies that behave independently from NNGRY.
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 0.32, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Asia 50 ETF | 0.32 | 0.33 | 0.40 | 93 | Asia Pacific Equities | NNGRY vs AIA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NNGRY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NNGRY and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.06, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.06 | 0.13 | 0.27 | 69 | Energy | |
| The Williams Companies, Inc. | 0.05 | 0.16 | 0.26 | 66 | Energy | |
| AIA Group Ltd ADR | 0.23 | 0.22 | 0.25 | 70 | Financial Services | |
| Graham Corporation | 0.25 | 0.13 | 0.17 | 93 | Industrials | |
| RWE AG PK | 0.31 | 0.37 | 0.36 | 94 | Utilities |
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