Looking to balance out your exposure to NRIM? The ETFs below have the lowest correlation with NRIM — they tend to move on their own, which can help reduce risk when NRIM drops. The stock ideas table highlights individual companies that behave independently from NRIM.
Best Diversifiers for NRIM
2 ETFs have low correlation with NRIM (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.21, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.21 | 0.22 | 0.24 | 96 | Semiconductors, Technology Equities | NRIM vs SMH | |
| Vanguard Information Technology ETF | 0.22 | 0.25 | 0.26 | 76 | Technology Equities | NRIM vs VGT | |
| WisdomTree Japan Hedged Equity Fund | 0.38 | 0.29 | 0.35 | 88 | Japan Equities | NRIM vs DXJ | |
| Vanguard S&P 500 ETF | 0.38 | 0.37 | 0.37 | 70 | S&P 500 | NRIM vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.41 | 0.46 | 0.48 | 80 | Dividend | NRIM vs SCHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NRIM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRIM and solid risk/return profiles. The least correlated is Ecopetrol S.A. (EC) (Energy) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ecopetrol S.A. | -0.04 | 0.12 | 0.17 | 92 | Energy | |
| AbbVie Inc. | 0.01 | 0.10 | 0.13 | 62 | Healthcare | |
| Amphenol Corporation | 0.14 | 0.24 | 0.28 | 77 | Technology | |
| Atmos Energy Corporation | 0.17 | 0.22 | 0.23 | 60 | Utilities | |
| Alliant Energy Corporation | 0.19 | 0.20 | 0.19 | 73 | Utilities |
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