Looking to balance out your exposure to NXE? The ETFs below have the lowest correlation with NXE — they tend to move on their own, which can help reduce risk when NXE drops. The stock ideas table highlights individual companies that behave independently from NXE.
Best Diversifiers for NXE
0 ETFs have low correlation with NXE (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Artificial Intelligence & Technology ETF (AIQ) (Technology Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Artificial Intelligence & Technology ETF | 0.44 | 0.42 | 0.46 | 81 | Technology Equities | NXE vs AIQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NXE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXE and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.03, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.03 | 0.09 | 0.09 | 72 | Healthcare | |
| Apple Inc | 0.07 | 0.14 | 0.24 | 89 | Technology | |
| Broadcom Inc. | 0.25 | 0.29 | 0.30 | 84 | Technology | |
| NVIDIA Corporation | 0.29 | 0.31 | 0.35 | 78 | Technology | |
| Lynas Rare Earths Ltd ADR | 0.29 | 0.23 | 0.31 | 85 | Basic Materials |
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