Looking to balance out your exposure to NRP? The ETFs below have the lowest correlation with NRP — they tend to move on their own, which can help reduce risk when NRP drops. The stock ideas table highlights individual companies that behave independently from NRP.
Best Diversifiers for NRP
5 ETFs have low correlation with NRP (below 0.3), 4 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.04 | 0.08 | 0.14 | 58 | Nasdaq-100 | NRP vs QQQ | |
| Vanguard S&P 500 ETF | -0.01 | 0.12 | 0.19 | 66 | S&P 500 | NRP vs VOO | |
| State Street SPDR S&P 500 ETF | -0.01 | 0.12 | 0.19 | 66 | S&P 500 | NRP vs SPY | |
| Vanguard Information Technology ETF | -0.01 | 0.10 | 0.15 | 57 | Technology Equities | NRP vs VGT | |
| Invesco DWA Energy Momentum ETF | 0.29 | 0.29 | 0.36 | 55 | Momentum, Energy Equities | NRP vs PXI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NRP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRP and solid risk/return profiles. The least correlated is United Therapeutics Corporation (UTHR) (Healthcare) with a 1Y correlation of -0.10, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Therapeutics Corporation | -0.10 | -0.03 | 0.08 | 94 | Healthcare | |
| NVIDIA Corporation | -0.06 | 0.06 | 0.12 | 65 | Technology | |
| Silicon Motion Technology Corporation | -0.04 | 0.08 | 0.09 | 98 | Technology | |
| Chubb Limited | -0.03 | 0.05 | 0.13 | 86 | Financial Services | |
| W. R. Berkley Corporation | -0.02 | 0.02 | 0.13 | 59 | Financial Services |
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