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
236 ETFs have low correlation with NOC (below 0.3), 76 of which are negatively correlated. The least correlated is iShares Global Tech ETF (IXN) (Technology Equities) with a 1Y correlation of -0.14, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Tech ETF | -0.14 | -0.12 | -0.01 | 76 | Technology Equities | NOC vs IXN | |
| ProShares Ultra Semiconductors | -0.14 | -0.16 | -0.05 | 82 | Leveraged Equities, Semiconductors | NOC vs USD | |
| SP Funds S&P Global Technology ETF | -0.14 | — | — | 77 | Technology Equities | NOC vs SPTE | |
| iShares U.S. Technology ETF | -0.13 | -0.13 | -0.01 | 59 | Technology Equities | NOC vs IYW | |
| Direxion Daily Technology Bull 3X Shares | -0.13 | -0.11 | 0.01 | 64 | Leveraged Equities, Technology Equities | NOC vs TECL |
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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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.14, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.14 | -0.13 | -0.05 | 99 | Technology | |
| Lumentum Holdings Inc. | -0.14 | -0.11 | -0.03 | 99 | Technology | |
| Seagate Technology plc | -0.14 | -0.08 | 0.01 | 99 | Technology | |
| Broadcom Inc. | -0.12 | -0.11 | -0.01 | 71 | Technology | |
| Palo Alto Networks, Inc. | -0.12 | -0.01 | 0.03 | 69 | Technology |
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