Looking to balance out your exposure to NRIX? The ETFs below have the lowest correlation with NRIX — they tend to move on their own, which can help reduce risk when NRIX drops. The stock ideas table highlights individual companies that behave independently from NRIX.
Best Diversifiers for NRIX
0 ETFs have low correlation with NRIX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.37, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.37 | 0.38 | 0.39 | 70 | S&P 500 | NRIX vs SPY | |
| SPDR S&P Biotech ETF | 0.61 | 0.63 | 0.66 | 74 | Health & Biotech Equities | NRIX vs XBI |
Diversification Analysis
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