Looking to balance out your exposure to NRXXY? The ETFs below have the lowest correlation with NRXXY — they tend to move on their own, which can help reduce risk when NRXXY drops. The stock ideas table highlights individual companies that behave independently from NRXXY.
No Diversifiers Found for NRXXY
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 NRXXY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRXXY and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.04 | -0.03 | -0.01 | 67 | Technology | |
| Apple Inc | -0.04 | -0.05 | -0.01 | 89 | Technology | |
| ARMOUR Residential REIT, Inc. | 0.02 | 0.01 | 0.01 | 67 | Real Estate | |
| Tesla, Inc. | 0.05 | -0.01 | -0.03 | 55 | Consumer Cyclical | |
| Boyd Gaming Corporation | 0.07 | 0.00 | 0.00 | 61 | Consumer Cyclical |
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