Looking to balance out your exposure to NTRA? The ETFs below have historically moved differently from NTRA, 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 NTRA
6 ETFs have low correlation with NTRA (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.10, 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 | -0.10 | -0.05 | -0.00 | 100 | Ultrashort Bond | NTRA vs SGOV | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.10 | 0.02 | 0.04 | 60 | Commodities | NTRA vs PDBC | |
| VanEck Semiconductor ETF | 0.21 | 0.36 | 0.41 | 87 | Semiconductors, Technology Equities | NTRA vs SMH | |
| VanEck Pharmaceutical ETF | 0.25 | 0.24 | 0.28 | 67 | Health & Biotech Equities | NTRA vs PPH | |
| iShares MSCI Japan ETF | 0.28 | 0.32 | 0.36 | 57 | Japan Equities, Asia Pacific Equities | NTRA vs EWJ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NTRA, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | -0.06 | 0.02 | 84 | Energy | |
| The Coca-Cola Company | -0.15 | -0.06 | 0.02 | 86 | Consumer Defensive | |
| Walmart Inc. | -0.13 | 0.07 | 0.11 | 59 | Consumer Defensive | |
| Nokia Corporation | -0.03 | 0.11 | 0.24 | 90 | Technology | |
| YPF Sociedad Anónima | 0.01 | 0.14 | 0.13 | 68 | Energy |
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