Looking to balance out your exposure to NXDT? The ETFs below have the lowest correlation with NXDT — they tend to move on their own, which can help reduce risk when NXDT drops. The stock ideas table highlights individual companies that behave independently from NXDT.
Best Diversifiers for NXDT
1 ETFs have low correlation with NXDT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.28, roughly unchanged from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.28 | 0.26 | — | 74 | Nasdaq-100 | NXDT vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NXDT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXDT and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.13, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.13 | 0.16 | — | 99 | Technology | |
| CBL & Associates Properties, Inc. | 0.24 | 0.36 | — | 97 |
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