Looking to balance out your exposure to NPSNY? The ETFs below have the lowest correlation with NPSNY — they tend to move on their own, which can help reduce risk when NPSNY drops. The stock ideas table highlights individual companies that behave independently from NPSNY.
No Diversifiers Found for NPSNY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NPSNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NPSNY and solid risk/return profiles. The least correlated is Fox Corporation (FOX) (Communication Services) with a 1Y correlation of 0.14, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fox Corporation | 0.14 | 0.14 | 0.22 | 53 | Communication Services | |
| United Natural Foods, Inc. | 0.19 | 0.18 | 0.19 | 81 | Consumer Defensive | |
| First Solar, Inc. | 0.20 | 0.26 | 0.25 | 81 | Technology | |
| Comfort Systems USA, Inc. | 0.22 | 0.21 | 0.24 | 98 | Industrials | |
| Nextracker Inc | 0.23 | 0.23 | 0.23 | 89 | Technology |
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