Looking to balance out your exposure to NTB? The ETFs below have the lowest correlation with NTB — they tend to move on their own, which can help reduce risk when NTB drops. The stock ideas table highlights individual companies that behave independently from NTB.
Best Diversifiers for NTB
0 ETFs have low correlation with NTB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.39, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.39 | 0.44 | 0.50 | 70 | S&P 500 | NTB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NTB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NTB and solid risk/return profiles. The least correlated is Teekay Tankers Ltd. (TNK) (Energy) with a 1Y correlation of 0.10, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teekay Tankers Ltd. | 0.10 | 0.13 | 0.16 | 82 | Energy | |
| Warrior Met Coal, Inc. | 0.12 | 0.23 | 0.25 | 90 | Basic Materials | |
| Tenaris S.A. | 0.14 | 0.28 | 0.32 | 94 | Energy | |
| Zymeworks Inc. | 0.18 | 0.19 | 0.16 | 88 | Healthcare | |
| Skyworks Solutions, Inc. | 0.24 | 0.36 | 0.39 | 52 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NTB
Add NTB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NTB