Looking to balance out your exposure to NSC? The ETFs below have the lowest correlation with NSC — they tend to move on their own, which can help reduce risk when NSC drops. The stock ideas table highlights individual companies that behave independently from NSC.
Best Diversifiers for NSC
2 ETFs have low correlation with NSC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Silver Trust (SLV) (Silver) with a 1Y correlation of 0.02, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Silver Trust | 0.02 | 0.12 | 0.15 | 51 | Silver, Precious Metals | NSC vs SLV | |
| Vanguard S&P 500 ETF | 0.30 | 0.42 | 0.51 | 74 | S&P 500 | NSC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.42 | 0.51 | 74 | S&P 500 | NSC vs SPY | |
| Vanguard Total Stock Market ETF | 0.32 | 0.44 | 0.52 | 73 | Large Cap Blend Equities | NSC vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NSC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NSC and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.05, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.05 | 0.11 | 0.24 | 76 | Technology | |
| British American Tobacco p.l.c. | 0.00 | 0.18 | 0.23 | 77 | Consumer Defensive | |
| Eli Lilly and Company | 0.05 | 0.08 | 0.14 | 75 | Healthcare | |
| Ionis Pharmaceuticals, Inc. | 0.06 | 0.14 | 0.15 | 93 | Healthcare | |
| F5 Networks, Inc. | 0.06 | 0.28 | 0.36 | 68 | Technology |
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