Looking to balance out your exposure to NVCT? The ETFs below have the lowest correlation with NVCT — they tend to move on their own, which can help reduce risk when NVCT drops. The stock ideas table highlights individual companies that behave independently from NVCT.
Best Diversifiers for NVCT
0 ETFs have low correlation with NVCT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.37, up from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.37 | 0.22 | — | 66 | S&P 500 | NVCT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVCT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVCT and solid risk/return profiles. The least correlated is Moderna, Inc. (MRNA) (Healthcare) with a 1Y correlation of 0.27, roughly unchanged from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Moderna, Inc. | 0.27 | 0.22 | — | 75 | Healthcare |
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