Looking to balance out your exposure to NVGS? The ETFs below have the lowest correlation with NVGS — they tend to move on their own, which can help reduce risk when NVGS drops. The stock ideas table highlights individual companies that behave independently from NVGS.
Best Diversifiers for NVGS
1 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 -0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | -0.02 | -0.01 | 100 | Ultrashort Bond | NVGS vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVGS and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | -0.02 | 0.08 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.06 | -0.00 | -0.00 | 62 | Utilities | |
| Cboe Global Markets, Inc. | 0.04 | -0.02 | 0.08 | 55 | Financial Services | |
| Verizon Communications Inc. | 0.07 | 0.05 | 0.08 | 66 | Communication Services | |
| Rentokil Initial PLC | 0.08 | 0.13 | 0.11 | 67 | Industrials |
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