Looking to balance out your exposure to NTES? The ETFs below have historically moved differently from NTES, 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 NTES
7 ETFs have low correlation with NTES (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.02, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.02 | -0.02 | -0.00 | 100 | Ultrashort Bond | NTES vs SGOV | |
| Avantis US Small Cap Value ETF | 0.16 | 0.23 | 0.28 | 90 | Small Cap Value Equities | NTES vs AVUV | |
| iMGP DBi Managed Futures Strategy ETF | 0.16 | 0.12 | 0.02 | 85 | Systematic Trend | NTES vs DBMF | |
| Invesco QQQ ETF | 0.21 | 0.26 | 0.32 | 54 | Nasdaq-100 | NTES vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.27 | 0.32 | 71 | S&P 500 | NTES vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NTES, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.12 | 0.00 | 0.07 | 59 | Financial Services | |
| Chubb Limited | -0.11 | 0.03 | 0.04 | 87 | Financial Services | |
| Altria Group, Inc. | -0.10 | 0.01 | 0.02 | 63 | Consumer Defensive | |
| McKesson Corporation | -0.06 | -0.06 | -0.02 | 65 | Healthcare | |
| Merck & Co., Inc. | -0.06 | -0.02 | -0.03 | 94 | Healthcare |
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