Looking to balance out your exposure to NUTX? The ETFs below have the lowest correlation with NUTX — they tend to move on their own, which can help reduce risk when NUTX drops. The stock ideas table highlights individual companies that behave independently from NUTX.
Best Diversifiers for NUTX
1 ETFs have low correlation with NUTX (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Copper Miners ETF (COPX) (Materials) with a 1Y correlation of 0.14, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Copper Miners ETF | 0.14 | 0.14 | 0.14 | 75 | Materials | NUTX vs COPX | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.21 | — | 70 | S&P 500 | NUTX vs SPY | |
| Vanguard S&P 500 ETF | 0.32 | 0.21 | — | 70 | S&P 500 | NUTX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NUTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NUTX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.20, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.20 | -0.04 | -0.02 | 83 | Energy | |
| The Coca-Cola Company | -0.12 | 0.01 | — | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.09 | -0.01 | 0.01 | 92 | Healthcare | |
| Verizon Communications Inc. | -0.09 | -0.00 | 0.00 | 59 | Communication Services | |
| Amgen Inc. | -0.05 | 0.05 | — | 62 | Healthcare |
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