Looking to balance out your exposure to NRDS? The ETFs below have the lowest correlation with NRDS — they tend to move on their own, which can help reduce risk when NRDS drops. The stock ideas table highlights individual companies that behave independently from NRDS.
No Diversifiers Found for NRDS
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 NRDS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRDS and solid risk/return profiles. The least correlated is Fabrinet (FN) (Technology) with a 1Y correlation of 0.01, down from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fabrinet | 0.01 | 0.18 | — | 93 | Technology | |
| Nextracker Inc | 0.08 | 0.20 | — | 91 | Technology | |
| Tidewater Inc. | 0.10 | 0.16 | 0.14 | 80 | Energy | |
| Helix Energy Solutions Group, Inc. | 0.13 | 0.21 | 0.19 | 72 | Energy | |
| Ducommun Incorporated | 0.14 | 0.26 | 0.25 | 94 | Industrials |
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