Looking to balance out your exposure to NOAH? The ETFs below have the lowest correlation with NOAH — they tend to move on their own, which can help reduce risk when NOAH drops. The stock ideas table highlights individual companies that behave independently from NOAH.
Best Diversifiers for NOAH
0 ETFs have low correlation with NOAH (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.34, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.35 | 0.40 | 63 | S&P 500 | NOAH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NOAH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NOAH and solid risk/return profiles. The least correlated is Blue Bird Corporation (BLBD) (Consumer Cyclical) with a 1Y correlation of 0.08, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blue Bird Corporation | 0.08 | 0.15 | 0.25 | 87 | Consumer Cyclical | |
| REX American Resources Corporation | 0.10 | 0.13 | 0.17 | 92 | Basic Materials | |
| SSR Mining Inc. | 0.12 | 0.17 | 0.14 | 87 | Basic Materials | |
| Oceaneering International, Inc. | 0.15 | 0.19 | 0.21 | 91 | Energy | |
| Lantheus Holdings, Inc. | 0.15 | 0.12 | 0.18 | 64 | Healthcare |
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