Looking to balance out your exposure to NWBO? The ETFs below have the lowest correlation with NWBO — they tend to move on their own, which can help reduce risk when NWBO drops. The stock ideas table highlights individual companies that behave independently from NWBO.
No Diversifiers Found for NWBO
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 NWBO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NWBO and solid risk/return profiles. The least correlated is Watts Water Technologies, Inc. (WTS) (Industrials) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Watts Water Technologies, Inc. | -0.04 | 0.01 | 0.03 | 76 | Industrials | |
| Lam Research Corporation | -0.04 | -0.00 | 0.02 | 98 | Technology | |
| General Electric Company | -0.03 | -0.00 | 0.03 | 65 | Industrials | |
| Ardelyx, Inc. | -0.01 | -0.02 | 0.05 | 62 | Healthcare | |
| StoneX Group Inc. | 0.03 | 0.04 | 0.04 | 87 | Financial Services |
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