Looking to balance out your exposure to NRGV? The ETFs below have the lowest correlation with NRGV — they tend to move on their own, which can help reduce risk when NRGV drops. The stock ideas table highlights individual companies that behave independently from NRGV.
Best Diversifiers for NRGV
1 ETFs have low correlation with NRGV (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.23 | 0.30 | 0.29 | 80 | Dividend | NRGV vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NRGV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRGV and solid risk/return profiles. The least correlated is Vestas Wind Systems A/S (VWDRY) (Industrials) with a 1Y correlation of 0.15, roughly unchanged from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vestas Wind Systems A/S | 0.15 | 0.24 | — | 83 | Industrials | |
| Broadcom Inc. | 0.19 | 0.24 | — | 84 | Technology | |
| TransAlta Corp | 0.22 | 0.28 | — | 67 | Utilities | |
| GE Vernova Inc. | 0.23 | — | — | 87 | Utilities | |
| Ormat Technologies, Inc. | 0.30 | 0.36 | — | 92 | Utilities |
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