Looking to balance out your exposure to NRGV? The ETFs below have historically moved differently from NRGV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.10, down from 0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.27 | — | 95 | Dividend | NRGV vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NRGV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Essex Property Trust, Inc. (ESS) (Real Estate) with a 1Y correlation of -0.03, down from 0.12 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Essex Property Trust, Inc. | -0.03 | 0.12 | — | 70 | Real Estate | |
| NextEra Energy, Inc. | 0.10 | 0.16 | — | 77 | Utilities | |
| Vestas Wind Systems A/S | 0.21 | 0.25 | 0.20 | 76 | Industrials | |
| Broadcom Inc. | 0.25 | 0.26 | — | 69 | Technology | |
| Ormat Technologies, Inc. | 0.32 | 0.35 | — | 54 | Utilities |
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