Looking to balance out your exposure to NTDOY? The ETFs below have the lowest correlation with NTDOY — they tend to move on their own, which can help reduce risk when NTDOY drops. The stock ideas table highlights individual companies that behave independently from NTDOY.
Best Diversifiers for NTDOY
3 ETFs have low correlation with NTDOY (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.15, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.15 | 0.22 | 0.27 | 94 | Semiconductors, Technology Equities | NTDOY vs SMH | |
| Invesco QQQ ETF | 0.24 | 0.29 | 0.32 | 59 | Nasdaq-100 | NTDOY vs QQQ | |
| Vanguard S&P 500 ETF | 0.27 | 0.33 | 0.34 | 60 | S&P 500 | NTDOY vs VOO | |
| Vanguard Total International Stock ETF | 0.33 | 0.39 | 0.39 | 55 | Global Equities | NTDOY vs VXUS |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NTDOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NTDOY and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.03, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.03 | 0.06 | 0.12 | 70 | Energy | |
| Exxon Mobil Corporation | 0.03 | 0.05 | 0.08 | 74 | Energy | |
| Marathon Petroleum Corporation | 0.04 | 0.09 | 0.12 | 82 | Energy | |
| Koninklijke KPN NV ADR | 0.05 | 0.07 | 0.09 | 56 | Communication Services | |
| Monster Beverage Corporation | 0.05 | 0.11 | 0.14 | 86 | Consumer Defensive |
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