Looking to balance out your exposure to NVCR? The ETFs below have the lowest correlation with NVCR — they tend to move on their own, which can help reduce risk when NVCR drops. The stock ideas table highlights individual companies that behave independently from NVCR.
Best Diversifiers for NVCR
1 ETFs have low correlation with NVCR (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.16, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.16 | -0.02 | 0.03 | 71 | Commodities | NVCR vs GSG | |
| Vanguard S&P 500 ETF | 0.48 | 0.37 | 0.42 | 70 | S&P 500 | NVCR vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVCR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVCR and solid risk/return profiles. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of 0.18, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | 0.18 | 0.24 | 0.27 | 98 | Technology | |
| Merck & Co., Inc. | 0.22 | 0.15 | 0.11 | 87 | Healthcare | |
| Vir Biotechnology, Inc. | 0.39 | 0.42 | 0.39 | 73 | Healthcare |
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