Looking to balance out your exposure to NXL? The ETFs below have the lowest correlation with NXL — they tend to move on their own, which can help reduce risk when NXL drops. The stock ideas table highlights individual companies that behave independently from NXL.
No Diversifiers Found for NXL
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 NXL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXL and solid risk/return profiles. The least correlated is United States Antimony Corporation (UAMY) (Basic Materials) with a 1Y correlation of 0.10, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United States Antimony Corporation | 0.10 | 0.06 | — | 80 | Basic Materials | |
| Alliance Entertainment Holding Corporation Class A... | 0.11 | 0.05 | — | 69 | Communication Services | |
| Dave Inc. | 0.24 | 0.13 | — | 54 | Technology | |
| Intuitive Machines Inc. | 0.25 | 0.16 | — | 86 | Industrials | |
| AppLovin Corporation | 0.26 | 0.12 | 0.11 | 57 | Technology |
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