Looking to balance out your exposure to NWFL? The ETFs below have the lowest correlation with NWFL — they tend to move on their own, which can help reduce risk when NWFL drops. The stock ideas table highlights individual companies that behave independently from NWFL.
Best Diversifiers for NWFL
0 ETFs have low correlation with NWFL (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.32, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.29 | 0.25 | 70 | S&P 500 | NWFL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NWFL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NWFL and solid risk/return profiles. The least correlated is Sonoco Products Company (SON) (Consumer Cyclical) with a 1Y correlation of 0.27, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sonoco Products Company | 0.27 | 0.30 | 0.26 | 51 | Consumer Cyclical |
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