Looking to balance out your exposure to NTES? The ETFs below have the lowest correlation with NTES — they tend to move on their own, which can help reduce risk when NTES drops. The stock ideas table highlights individual companies that behave independently from NTES.
Best Diversifiers for NTES
5 ETFs have low correlation with NTES (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.00 | -0.02 | -0.00 | 100 | Ultrashort Bond | NTES vs SGOV | |
| iMGP DBi Managed Futures Strategy ETF | 0.19 | 0.12 | 0.02 | 83 | Systematic Trend | NTES vs DBMF | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.30 | 0.32 | 70 | S&P 500 | NTES vs SPY | |
| Invesco QQQ ETF | 0.29 | 0.29 | 0.33 | 73 | Nasdaq-100 | NTES vs QQQ | |
| Vanguard S&P 500 ETF | 0.29 | 0.30 | 0.32 | 70 | S&P 500 | NTES vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NTES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NTES and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.14, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.14 | 0.02 | 0.06 | 51 | Financial Services | |
| Altria Group, Inc. | -0.12 | 0.01 | 0.02 | 69 | Consumer Defensive | |
| Merck & Co., Inc. | -0.02 | -0.02 | -0.03 | 87 | Healthcare | |
| Amgen Inc. | -0.00 | 0.09 | 0.07 | 62 | Healthcare | |
| Penumbra, Inc. | 0.03 | 0.10 | 0.16 | 66 | Healthcare |
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Build a portfolio that complements NTES
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