Looking to balance out your exposure to NSIT? The ETFs below have the lowest correlation with NSIT — they tend to move on their own, which can help reduce risk when NSIT drops. The stock ideas table highlights individual companies that behave independently from NSIT.
Best Diversifiers for NSIT
0 ETFs have low correlation with NSIT (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 0.43, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.43 | 0.46 | 0.52 | 60 | S&P 500 | NSIT vs SPY | |
| Vanguard S&P 500 ETF | 0.43 | 0.46 | 0.52 | 60 | S&P 500 | NSIT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NSIT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NSIT and solid risk/return profiles. The least correlated is Canadian Solar Inc. (CSIQ) (Technology) with a 1Y correlation of 0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Solar Inc. | 0.08 | 0.17 | 0.21 | 59 | Technology | |
| Sandisk Corporation | 0.12 | — | — | 100 | Technology | |
| InterDigital, Inc. | 0.15 | 0.25 | 0.36 | 54 | Communication Services | |
| Advanced Micro Devices, Inc. | 0.16 | 0.26 | 0.35 | 96 | Technology | |
| Apple Inc | 0.17 | 0.21 | 0.31 | 88 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NSIT
Add NSIT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NSIT