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 POET Technologies Inc (POET) (Technology) with a 1Y correlation of 0.12, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| POET Technologies Inc | 0.12 | 0.13 | 0.14 | 58 | Technology | |
| Mesoblast Limited | 0.16 | 0.11 | — | 66 | Healthcare | |
| Sezzle Inc. Common Stock | 0.18 | — | — | 55 | Financial Services | |
| Dave Inc. | 0.21 | 0.12 | — | 75 | Technology | |
| Intuitive Machines, Inc. | 0.23 | 0.18 | — | 63 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NXL
Add NXL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NXL