Looking to balance out your exposure to NU? The ETFs below have the lowest correlation with NU — they tend to move on their own, which can help reduce risk when NU drops. The stock ideas table highlights individual companies that behave independently from NU.
Best Diversifiers for NU
61 ETFs have low correlation with NU (below 0.3), 14 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.18, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.18 | -0.06 | -0.04 | 100 | Ultrashort Bond | NU vs SGOV | |
| United States Oil Fund LP | -0.18 | 0.02 | 0.04 | 66 | Oil & Gas | NU vs USO | |
| iShares 0-5 Year TIPS Bond ETF | -0.14 | 0.03 | 0.05 | 93 | Inflation-Protected Bonds | NU vs STIP | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.14 | 0.04 | — | 93 | Inflation-Protected Bonds | NU vs VTIP | |
| ProShares Ultra Bloomberg Crude Oil | -0.11 | 0.04 | 0.05 | 54 | Leveraged Commodities | NU vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NU and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | -0.05 | -0.01 | 69 | Consumer Defensive | |
| ConocoPhillips Company | -0.10 | 0.04 | 0.06 | 76 | Energy | |
| The Coca-Cola Company | -0.09 | -0.04 | 0.04 | 66 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.08 | 0.10 | 0.14 | 85 | Energy | |
| Chevron Corporation | -0.08 | 0.04 | — | 83 | Energy |
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