Looking to balance out your exposure to NVGS? The ETFs below have historically moved differently from NVGS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NVGS
3 ETFs have low correlation with NVGS (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.01 | -0.02 | 100 | Ultrashort Bond | NVGS vs SGOV | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.13 | 0.27 | 0.32 | 72 | Commodities | NVGS vs PDBC | |
| State Street Energy Select Sector SPDR ETF | 0.19 | 0.35 | 0.45 | 76 | Energy Equities | NVGS vs XLE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NVGS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | -0.01 | 0.06 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.02 | -0.02 | 0.00 | 56 | Utilities | |
| Humana Inc. | 0.04 | 0.03 | 0.05 | 71 | Healthcare | |
| McKesson Corporation | 0.05 | -0.00 | 0.02 | 67 | Healthcare | |
| Manchester United plc | 0.08 | 0.09 | 0.14 | 71 | Communication Services |
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