Looking to balance out your exposure to NOG? The ETFs below have the lowest correlation with NOG — they tend to move on their own, which can help reduce risk when NOG drops. The stock ideas table highlights individual companies that behave independently from NOG.
Best Diversifiers for NOG
3 ETFs have low correlation with NOG (below 0.3), 2 of which are negatively correlated. The least correlated is Nomura Focused Emerging Markets Equity ETF (EMEQ) (Emerging Markets Diversified) with a 1Y correlation of -0.02, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nomura Focused Emerging Markets Equity ETF | -0.02 | 0.09 | 0.09 | 94 | Emerging Markets Diversified | NOG vs EMEQ | |
| Vanguard Total Stock Market ETF | -0.00 | 0.20 | 0.32 | 59 | Large Cap Blend Equities | NOG vs VTI | |
| Franklin FTSE South Korea ETF | 0.03 | 0.10 | 0.20 | 92 | Asia Pacific Equities | NOG vs FLKR | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.50 | 0.51 | 0.51 | 53 | Commodities | NOG vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.51 | 0.48 | 0.51 | 55 | Commodities | NOG vs FTGC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NOG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NOG and solid risk/return profiles. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of -0.14, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.14 | 0.08 | 0.22 | 78 | Industrials | |
| SPX Corporation | -0.08 | 0.16 | 0.24 | 77 | Industrials | |
| PPL Corporation | -0.04 | 0.03 | 0.12 | 56 | Utilities | |
| Eaton Corporation plc | -0.02 | 0.15 | 0.21 | 62 | Industrials | |
| Ituran Location and Control Ltd. | -0.01 | 0.15 | 0.19 | 91 | Technology |
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Build a portfolio that complements NOG
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