Looking to balance out your exposure to NNOX? The ETFs below have the lowest correlation with NNOX — they tend to move on their own, which can help reduce risk when NNOX drops. The stock ideas table highlights individual companies that behave independently from NNOX.
Best Diversifiers for NNOX
0 ETFs have low correlation with NNOX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.33, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.33 | 0.40 | 0.44 | 76 | Technology Equities | NNOX vs VGT | |
| Vanguard S&P 500 ETF | 0.39 | 0.43 | 0.45 | 74 | S&P 500 | NNOX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.43 | 0.45 | 74 | S&P 500 | NNOX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NNOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NNOX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.17, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.17 | 0.24 | 0.34 | 80 | Technology | |
| Micron Technology, Inc. | 0.19 | 0.30 | 0.34 | 99 | Technology | |
| Alphabet Inc. Class A | 0.19 | 0.22 | 0.31 | 96 | Communication Services | |
| Amazon.com, Inc | 0.23 | 0.29 | 0.36 | 62 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.26 | 0.31 | 0.33 | 95 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NNOX
Add NNOX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NNOX