Looking to balance out your exposure to NNI? The ETFs below have the lowest correlation with NNI — they tend to move on their own, which can help reduce risk when NNI drops. The stock ideas table highlights individual companies that behave independently from NNI.
Best Diversifiers for NNI
0 ETFs have low correlation with NNI (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 0.31, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.31 | 0.41 | 0.47 | 74 | S&P 500 | NNI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.41 | 0.47 | 74 | S&P 500 | NNI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NNI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NNI and solid risk/return profiles. The least correlated is Nexstar Media Group, Inc. (NXST) (Communication Services) with a 1Y correlation of 0.22, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nexstar Media Group, Inc. | 0.22 | 0.33 | 0.35 | 52 | Communication Services |
Build a portfolio that complements NNI
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