Looking to balance out your exposure to NWN? The ETFs below have the lowest correlation with NWN — they tend to move on their own, which can help reduce risk when NWN drops. The stock ideas table highlights individual companies that behave independently from NWN.
Best Diversifiers for NWN
3 ETFs have low correlation with NWN (below 0.3), 3 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 -0.11, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.11 | 0.12 | 0.22 | 66 | S&P 500 | NWN vs SPY | |
| Vanguard S&P 500 ETF | -0.10 | 0.13 | 0.22 | 66 | S&P 500 | NWN vs VOO | |
| Vanguard Total Stock Market ETF | -0.10 | 0.15 | 0.23 | 66 | Large Cap Blend Equities | NWN vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.30 | 0.45 | 0.44 | 86 | Dividend | NWN vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NWN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NWN and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.28, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.28 | -0.16 | -0.05 | 65 | Technology | |
| Broadcom Inc. | -0.25 | -0.09 | 0.02 | 71 | Technology | |
| GE Vernova Inc. | -0.23 | -0.05 | -0.05 | 89 | Industrials | |
| Snowflake Inc. | -0.11 | 0.05 | 0.03 | 60 | Technology | |
| Bancolombia S.A. | -0.10 | 0.06 | 0.11 | 93 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NWN
Add NWN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NWN