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
272 ETFs have low correlation with NOC (below 0.3), 93 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.15, roughly unchanged from -0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.15 | -0.17 | — | 52 | Derivative Income, Options Trading | NOC vs NVDY | |
| ProShares Ultra Semiconductors | -0.14 | -0.16 | -0.05 | 90 | Leveraged Equities, Semiconductors | NOC vs USD | |
| SP Funds S&P Global Technology ETF | -0.14 | -0.15 | -0.15 | 89 | Technology Equities | NOC vs SPTE | |
| Fidelity MSCI Information Technology Index ETF | -0.14 | -0.11 | -0.01 | 77 | Technology Equities | NOC vs FTEC | |
| REX FANG & Innovation Equity Premium Income ETF | -0.14 | -0.13 | -0.13 | 54 | Technology Equities | NOC vs FEPI |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.14, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.14 | -0.18 | -0.08 | 78 | Technology | |
| Lumentum Holdings Inc. | -0.13 | -0.09 | -0.02 | 99 | Technology | |
| Fortinet, Inc. | -0.13 | -0.04 | 0.05 | 66 | Technology | |
| AppLovin Corporation | -0.12 | -0.10 | -0.05 | 59 | Technology | |
| Micron Technology, Inc. | -0.12 | -0.14 | -0.05 | 99 | Technology |
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