Looking to balance out your exposure to NVT? The ETFs below have the lowest correlation with NVT — they tend to move on their own, which can help reduce risk when NVT drops. The stock ideas table highlights individual companies that behave independently from NVT.
Best Diversifiers for NVT
1 ETFs have low correlation with NVT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Bond Index Fund ETF Shares (BSV) (Short-Term Bond) with a 1Y correlation of 0.07, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Fund ETF Shares | 0.07 | 0.01 | 0.03 | 68 | Short-Term Bond | NVT vs BSV | |
| Global X Copper Miners ETF | 0.41 | 0.38 | 0.42 | 63 | Copper | NVT vs COPX | |
| iShares Core S&P 500 ETF | 0.58 | 0.61 | 0.65 | 67 | S&P 500 | NVT vs IVV | |
| Vanguard S&P 500 ETF | 0.59 | 0.61 | 0.65 | 67 | S&P 500 | NVT vs VOO | |
| State Street SPDR Portfolio S&P 500 ETF | 0.59 | 0.61 | 0.65 | 67 | S&P 500 | NVT vs SPYM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVT and solid risk/return profiles. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.25, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.25 | 0.00 | 0.20 | 62 | Financial Services | |
| Cboe Global Markets, Inc. | -0.17 | -0.17 | 0.03 | 61 | Financial Services | |
| Cheniere Energy, Inc. | -0.13 | 0.06 | 0.17 | 56 | Energy | |
| The Hershey Company | -0.12 | -0.05 | 0.02 | 51 | Consumer Defensive | |
| Chevron Corporation | -0.10 | 0.04 | 0.19 | 73 | Energy |
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Build a portfolio that complements NVT
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