Looking to balance out your exposure to NRSDY? The ETFs below have the lowest correlation with NRSDY — they tend to move on their own, which can help reduce risk when NRSDY drops. The stock ideas table highlights individual companies that behave independently from NRSDY.
No Diversifiers Found for NRSDY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NRSDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRSDY and solid risk/return profiles. The least correlated is TDK Corp ADR (TTDKY) (Technology) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TDK Corp ADR | -0.01 | 0.02 | — | 89 | Technology | |
| Renesas Electronics Corp ADR | 0.01 | 0.05 | — | 90 | Technology | |
| TE Connectivity Ltd. | 0.03 | 0.06 | 0.14 | 72 | Technology | |
| AXT, Inc. | 0.03 | 0.08 | — | 99 | Technology | |
| FormFactor, Inc. | 0.05 | 0.03 | — | 96 | Technology |
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