Looking to balance out your exposure to NOW? The ETFs below have the lowest correlation with NOW — they tend to move on their own, which can help reduce risk when NOW drops. The stock ideas table highlights individual companies that behave independently from NOW.
Best Diversifiers for NOW
274 ETFs have low correlation with NOW (below 0.3), 29 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.11, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.11 | 0.04 | 0.19 | 64 | Dividend, Large Cap Value Equities | NOW vs HDV | |
| Franklin International Low Volatility High Dividen... | -0.11 | 0.12 | 0.23 | 89 | Volatility Hedged Equity, Dividend | NOW vs LVHI | |
| First Trust Nasdaq Semiconductor ETF | -0.08 | 0.28 | 0.44 | 97 | Semiconductors, Technology Equities | NOW vs FTXL | |
| iShares Semiconductor ETF | -0.06 | 0.31 | 0.48 | 97 | Semiconductors, Technology Equities | NOW vs SOXX | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.05 | 0.08 | 0.21 | 70 | Large Cap Value Equities, Dividend | NOW vs FDL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NOW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NOW and solid risk/return profiles. The least correlated is British American Tobacco p.l.c. (BTI) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco p.l.c. | -0.22 | -0.07 | 0.00 | 77 | Consumer Defensive | |
| Merck & Co., Inc. | -0.20 | -0.09 | -0.02 | 87 | Healthcare | |
| The Coca-Cola Company | -0.18 | -0.06 | 0.06 | 66 | Consumer Defensive | |
| Welltower Inc. | -0.18 | 0.05 | 0.12 | 79 | Real Estate | |
| Powell Industries, Inc. | -0.16 | 0.15 | 0.19 | 98 | Industrials |
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