Looking to balance out your exposure to NWBI? The ETFs below have the lowest correlation with NWBI — they tend to move on their own, which can help reduce risk when NWBI drops. The stock ideas table highlights individual companies that behave independently from NWBI.
No Diversifiers Found for NWBI
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NWBI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NWBI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.02 | 0.16 | 0.24 | 69 | Consumer Defensive | |
| Kinder Morgan, Inc. | 0.05 | 0.25 | 0.34 | 60 | Energy | |
| National Grid plc | 0.20 | 0.19 | 0.20 | 63 | Utilities | |
| Deluxe Corporation | 0.48 | 0.56 | 0.56 | 82 | Communication Services | |
| KeyCorp | 0.66 | 0.71 | 0.69 | 76 | Financial Services |
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