Looking to balance out your exposure to NTCT? The ETFs below have historically moved differently from NTCT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NTCT
0 ETFs have low correlation with NTCT (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 0.48, roughly unchanged from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.48 | 0.45 | 0.50 | 78 | S&P 500 | NTCT vs SPY | |
| Vanguard S&P 500 ETF | 0.48 | 0.45 | 0.50 | 78 | S&P 500 | NTCT vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NTCT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of 0.27, roughly unchanged from 0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | 0.27 | 0.25 | — | 77 | Technology | |
| Fortinet, Inc. | 0.41 | 0.34 | 0.37 | 82 | Technology | |
| Photronics, Inc. | 0.45 | 0.42 | 0.44 | 70 | Technology | |
| F5 Networks, Inc. | 0.56 | 0.49 | 0.53 | 68 | Technology |
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