Looking to balance out your exposure to NTNX? The ETFs below have the lowest correlation with NTNX — they tend to move on their own, which can help reduce risk when NTNX drops. The stock ideas table highlights individual companies that behave independently from NTNX.
Best Diversifiers for NTNX
11 ETFs have low correlation with NTNX (below 0.3), 1 of which are negatively correlated. The least correlated is Franklin International Low Volatility High Dividend Index ETF (LVHI) (Volatility Hedged Equity) with a 1Y correlation of -0.06, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | -0.06 | 0.13 | 0.23 | 96 | Volatility Hedged Equity, Dividend | NTNX vs LVHI | |
| iShares 1-3 Year Treasury Bond ETF | 0.06 | -0.00 | 0.04 | 87 | Government Bonds, Short-Term Bond | NTNX vs SHY | |
| VanEck Semiconductor ETF | 0.07 | 0.31 | 0.44 | 90 | Semiconductors, Technology Equities | NTNX vs SMH | |
| Roundhill Generative AI & Technology ETF | 0.15 | 0.38 | — | 74 | Technology Equities | NTNX vs CHAT | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.17 | 0.27 | 0.42 | 61 | High Yield Bonds | NTNX vs HYG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NTNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NTNX and solid risk/return profiles. The least correlated is Johnson Controls International plc (JCI) (Industrials) with a 1Y correlation of -0.10, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson Controls International plc | -0.10 | 0.20 | 0.31 | 78 | Industrials | |
| Trane Technologies plc | -0.10 | 0.21 | 0.31 | 54 | Industrials | |
| Howmet Aerospace Inc. | -0.09 | 0.22 | 0.31 | 84 | Industrials | |
| Walmart Inc. | -0.08 | 0.05 | 0.11 | 69 | Consumer Defensive | |
| Eaton Corporation plc | -0.05 | 0.27 | 0.32 | 54 | Industrials |
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