Looking to balance out your exposure to NPO? The ETFs below have the lowest correlation with NPO — they tend to move on their own, which can help reduce risk when NPO drops. The stock ideas table highlights individual companies that behave independently from NPO.
Best Diversifiers for NPO
0 ETFs have low correlation with NPO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.58, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.58 | 0.56 | 0.55 | 66 | S&P 500 | NPO vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NPO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NPO and solid risk/return profiles. The least correlated is EMCOR Group, Inc. (EME) (Industrials) with a 1Y correlation of 0.56, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EMCOR Group, Inc. | 0.56 | 0.54 | 0.57 | 82 | Industrials |
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