Looking to diversify beyond NORW? The ETFs below have the lowest correlation with NORW — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NORW.
Best Diversifiers for NORW
1025 ETFs have low correlation with NORW (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.16 | -0.16 | 63 | Leveraged Currency | NORW vs YCS | |
| Roundhill Weekly T-Bill ETF | -0.15 | — | — | 99 | Ultrashort Bond | NORW vs WEEK | |
| iShares Short Maturity Municipal Bond ETF | -0.10 | 0.04 | 0.08 | 95 | Municipal Bonds | NORW vs MEAR | |
| Invesco Short Term Treasury ETF | -0.10 | -0.01 | -0.03 | 100 | Ultrashort Bond | NORW vs TBLL | |
| SPDR Bloomberg 3-12 Month T-Bill ETF | -0.10 | 0.01 | -0.00 | 100 | Ultrashort Bond | NORW vs BILS |
See all 1658 diversifiers for NORW
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