Looking to balance out your exposure to NRIM? The ETFs below have historically moved differently from NRIM, 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 NRIM
2 ETFs have low correlation with NRIM (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.14 | 0.23 | 0.24 | 52 | Technology Equities | NRIM vs VGT | |
| VanEck Semiconductor ETF | 0.15 | 0.20 | 0.22 | 87 | Semiconductors, Technology Equities | NRIM vs SMH | |
| Vanguard S&P 500 ETF | 0.31 | 0.36 | 0.36 | 68 | S&P 500 | NRIM vs VOO | |
| WisdomTree Japan Hedged Equity Fund | 0.33 | 0.27 | 0.33 | 93 | Japan Equities, Asia Pacific Equities | NRIM vs DXJ | |
| Schwab U.S. Dividend Equity ETF | 0.38 | 0.46 | 0.48 | 95 | Dividend | NRIM vs SCHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NRIM, 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 Ecopetrol S.A. (EC) (Energy) with a 1Y correlation of -0.08, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ecopetrol S.A. | -0.08 | 0.09 | 0.16 | 96 | Energy | |
| AbbVie Inc. | 0.04 | 0.09 | 0.13 | 81 | Healthcare | |
| Amphenol Corporation | 0.14 | 0.23 | 0.27 | 77 | Technology | |
| Atmos Energy Corporation | 0.15 | 0.22 | 0.23 | 67 | Utilities | |
| Alliant Energy Corporation | 0.16 | 0.21 | 0.21 | 68 | Utilities |
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