Looking to balance out your exposure to NRG? The ETFs below have the lowest correlation with NRG — they tend to move on their own, which can help reduce risk when NRG drops. The stock ideas table highlights individual companies that behave independently from NRG.
Best Diversifiers for NRG
4 ETFs have low correlation with NRG (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | 0.06 | 0.03 | 100 | Ultrashort Bond | NRG vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.05 | 0.19 | 0.33 | 77 | Dividend | NRG vs SCHD | |
| Vanguard Short-Term Bond Index Fund ETF Shares | 0.15 | 0.03 | 0.05 | 54 | Short-Term Bond | NRG vs BSV | |
| Avantis International Small Cap Value ETF | 0.24 | 0.28 | 0.35 | 74 | Foreign Small & Mid Cap Equities | NRG vs AVDV | |
| Vanguard International High Dividend Yield ETF | 0.31 | 0.31 | 0.38 | 70 | Dividend, Foreign Large Cap Equities | NRG vs VYMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NRG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRG and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.16 | -0.06 | 0.10 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.13 | 0.06 | 0.16 | 72 | Energy | |
| Cboe Global Markets, Inc. | -0.12 | -0.10 | 0.05 | 55 | Financial Services | |
| Aflac Incorporated | -0.11 | 0.12 | 0.25 | 68 | Financial Services | |
| Chevron Corporation | -0.10 | 0.07 | 0.18 | 70 | Energy |
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Build a portfolio that complements NRG
Add NRG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NRG