Looking to diversify beyond NTSD? The ETFs below have the lowest correlation with NTSD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NTSD.
Best Diversifiers for NTSD
1 ETFs have low correlation with NTSD (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily PANW Bull 2X Shares (PALU) (Leveraged Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily PANW Bull 2X Shares | 0.25 | 0.25 | 0.25 | 60 | Leveraged Equities | NTSD vs PALU | |
| Invesco International Dividend Achievers™ ETF | 0.53 | 0.53 | 0.53 | 54 | Global Equities, Dividend | NTSD vs PID | |
| Direxion Daily TSM Bull 2X Shares | 0.62 | 0.62 | 0.62 | 67 | Leveraged Equities | NTSD vs TSMX | |
| Global X SuperDividend ETF | 0.63 | 0.63 | 0.63 | 50 | Global Equities, Dividend | NTSD vs SDIV | |
| Pacer Cash Cows Fund of Funds ETF | 0.72 | 0.72 | 0.72 | 85 | Global Equities | NTSD vs HERD |
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