Looking to balance out your exposure to NTLA? The ETFs below have the lowest correlation with NTLA — they tend to move on their own, which can help reduce risk when NTLA drops. The stock ideas table highlights individual companies that behave independently from NTLA.
Best Diversifiers for NTLA
1 ETFs have low correlation with NTLA (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.24, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.37 | 0.39 | 85 | Dividend | NTLA vs SCHD | |
| Vanguard Information Technology ETF | 0.32 | 0.35 | 0.44 | 76 | Technology Equities | NTLA vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NTLA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NTLA and solid risk/return profiles. The least correlated is Amphenol Corporation (APH) (Technology) with a 1Y correlation of 0.17, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amphenol Corporation | 0.17 | 0.24 | 0.32 | 77 | Technology | |
| NVIDIA Corporation | 0.17 | 0.15 | 0.30 | 80 | Technology | |
| Apple Inc | 0.20 | 0.23 | 0.32 | 90 | Technology | |
| Merck & Co., Inc. | 0.21 | 0.14 | 0.09 | 90 | Healthcare | |
| Bristol-Myers Squibb Company | 0.21 | 0.23 | 0.19 | 68 | Healthcare |
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