Looking to balance out your exposure to NOTE? The ETFs below have the lowest correlation with NOTE — they tend to move on their own, which can help reduce risk when NOTE drops. The stock ideas table highlights individual companies that behave independently from NOTE.
Best Diversifiers for NOTE
1 ETFs have low correlation with NOTE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.29, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.29 | 0.31 | 0.25 | 70 | S&P 500 | NOTE vs SPY |
Diversification Analysis
Build a portfolio that complements NOTE
Add NOTE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NOTE