Looking to balance out your exposure to NSA? The ETFs below have the lowest correlation with NSA — they tend to move on their own, which can help reduce risk when NSA drops. The stock ideas table highlights individual companies that behave independently from NSA.
Best Diversifiers for NSA
2 ETFs have low correlation with NSA (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 0.21, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.21 | 0.28 | 0.41 | 74 | S&P 500 | NSA vs SPY | |
| Vanguard S&P 500 ETF | 0.21 | 0.29 | 0.41 | 74 | S&P 500 | NSA vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NSA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NSA and solid risk/return profiles. The least correlated is Medical Properties Trust, Inc (MPT) (Real Estate) with a 1Y correlation of 0.25, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Medical Properties Trust, Inc | 0.25 | 0.29 | 0.36 | 58 | Real Estate | |
| LTC Properties, Inc. | 0.30 | 0.42 | 0.43 | 51 | Real Estate | |
| Healthcare Realty Trust Incorporated | 0.34 | 0.47 | 0.50 | 87 | Real Estate | |
| Innovative Industrial Properties, Inc. | 0.35 | 0.44 | 0.44 | 60 | Real Estate | |
| Blackstone Mortgage Trust, Inc. | 0.40 | 0.40 | 0.42 | 53 | Real Estate |
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