Looking to balance out your exposure to NRP? The ETFs below have historically moved differently from NRP, 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 NRP
4 ETFs have low correlation with NRP (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.02, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.02 | 0.09 | 0.15 | 52 | Technology Equities | NRP vs VGT | |
| State Street SPDR S&P 500 ETF | -0.01 | 0.11 | 0.19 | 67 | S&P 500 | NRP vs SPY | |
| Vanguard S&P 500 ETF | -0.01 | 0.11 | 0.19 | 68 | S&P 500 | NRP vs VOO | |
| Invesco DWA Energy Momentum ETF | 0.26 | 0.27 | 0.35 | 75 | Momentum, Energy Equities | NRP vs PXI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NRP, 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 United Therapeutics Corporation (UTHR) (Healthcare) with a 1Y correlation of -0.12, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Therapeutics Corporation | -0.12 | -0.03 | 0.08 | 95 | Healthcare | |
| NVIDIA Corporation | -0.08 | 0.05 | 0.12 | 56 | Technology | |
| Silicon Motion Technology Corporation | -0.05 | 0.08 | 0.09 | 97 | Technology | |
| Chubb Limited | -0.01 | 0.06 | 0.13 | 89 | Financial Services | |
| CBL & Associates Properties, Inc. | -0.01 | 0.07 | 0.11 | 99 |
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