Looking to balance out your exposure to NPKI? The ETFs below have the lowest correlation with NPKI — they tend to move on their own, which can help reduce risk when NPKI drops. The stock ideas table highlights individual companies that behave independently from NPKI.
Best Diversifiers for NPKI
1 ETFs have low correlation with NPKI (below 0.3), 0 of which are negatively correlated. The least correlated is iMGP DBi Managed Futures Strategy ETF (DBMF) (Systematic Trend) with a 1Y correlation of 0.19, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iMGP DBi Managed Futures Strategy ETF | 0.19 | 0.16 | 0.09 | 86 | Systematic Trend | NPKI vs DBMF |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NPKI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NPKI and solid risk/return profiles. The least correlated is The Hanover Insurance Group, Inc. (THG) (Financial Services) with a 1Y correlation of 0.01, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hanover Insurance Group, Inc. | 0.01 | 0.07 | 0.18 | 82 | Financial Services | |
| Kiniksa Pharmaceuticals, Ltd. | 0.03 | 0.18 | 0.18 | 95 | Healthcare | |
| Exxon Mobil Corporation | 0.09 | 0.31 | 0.48 | 78 | Energy | |
| Horace Mann Educators Corporation | 0.11 | 0.17 | 0.20 | 83 | Financial Services | |
| Central Puerto S.A. | 0.22 | 0.20 | 0.26 | 62 | Utilities |
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