Looking to balance out your exposure to NOC? The ETFs below have historically moved differently from NOC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NOC
267 ETFs have low correlation with NOC (below 0.3), 115 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.20, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.20 | -0.14 | -0.02 | 60 | Technology Equities | NOC vs XLK | |
| iShares U.S. Technology ETF | -0.16 | -0.15 | -0.02 | 56 | Technology Equities | NOC vs IYW | |
| iShares Global Tech ETF | -0.16 | -0.15 | -0.02 | 66 | Technology Equities | NOC vs IXN | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.15 | -0.11 | -0.02 | 60 | Nasdaq-100, Derivative Income | NOC vs JEPQ | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.15 | -0.15 | -0.05 | 90 | Leveraged Equities, Semiconductors | NOC vs SOXL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NOC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Seagate Technology plc (STX) (Technology) with a 1Y correlation of -0.17, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | -0.17 | -0.10 | -0.00 | 99 | Technology | |
| Lumentum Holdings Inc. | -0.15 | -0.12 | -0.04 | 99 | Technology | |
| Western Digital Corporation | -0.14 | -0.13 | -0.03 | 99 | Technology | |
| Micron Technology, Inc. | -0.14 | -0.16 | -0.08 | 99 | Technology | |
| Broadcom Inc. | -0.13 | -0.12 | -0.01 | 70 | Technology |
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