Looking to balance out your exposure to NOC? The ETFs below have the lowest correlation with NOC — they tend to move on their own, which can help reduce risk when NOC drops. The stock ideas table highlights individual companies that behave independently from NOC.
Best Diversifiers for NOC
262 ETFs have low correlation with NOC (below 0.3), 93 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.16, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.16 | -0.18 | -0.06 | 76 | Leveraged Equities, Semiconductors | NOC vs USD | |
| iShares Global Tech ETF | -0.16 | -0.14 | -0.01 | 75 | Technology Equities | NOC vs IXN | |
| State Street Technology Select Sector SPDR ETF | -0.16 | -0.13 | -0.00 | 66 | Technology Equities | NOC vs XLK | |
| iShares U.S. Technology ETF | -0.16 | -0.14 | -0.02 | 63 | Technology Equities | NOC vs IYW | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.16 | — | — | 95 | Technology Equities | NOC vs AIS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NOC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NOC and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of -0.17, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.17 | -0.12 | -0.04 | 99 | Technology | |
| Seagate Technology plc | -0.17 | -0.10 | -0.00 | 99 | Technology | |
| Micron Technology, Inc. | -0.16 | -0.15 | -0.06 | 99 | Technology | |
| Western Digital Corporation | -0.15 | -0.14 | -0.03 | 99 | Technology | |
| Broadcom Inc. | -0.15 | -0.12 | -0.01 | 72 | Technology |
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Build a portfolio that complements NOC
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