Looking to balance out your exposure to NXPI? The ETFs below have the lowest correlation with NXPI — they tend to move on their own, which can help reduce risk when NXPI drops. The stock ideas table highlights individual companies that behave independently from NXPI.
Best Diversifiers for NXPI
1 ETFs have low correlation with NXPI (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Enhanced Short Maturity Active ETF (MINT) (Ultrashort Bond) with a 1Y correlation of -0.06, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Enhanced Short Maturity Active ETF | -0.06 | 0.05 | 0.10 | 100 | Ultrashort Bond | NXPI vs MINT | |
| iShares Convertible Bond ETF | 0.46 | 0.54 | 0.58 | 87 | Preferred Stock/Convertible Bonds | NXPI vs ICVT | |
| Schwab International Equity ETF | 0.46 | 0.48 | 0.54 | 59 | Foreign Large Cap Equities | NXPI vs SCHF | |
| Vanguard Mega Cap ETF | 0.48 | 0.57 | 0.65 | 69 | Large Cap Blend Equities | NXPI vs MGC | |
| Vanguard Total Stock Market ETF | 0.51 | 0.60 | 0.65 | 68 | Large Cap Blend Equities | NXPI vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NXPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXPI and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.03 | 0.00 | 0.04 | 59 | Communication Services | |
| Johnson & Johnson | -0.03 | -0.01 | 0.06 | 92 | Healthcare | |
| Walmart Inc. | -0.02 | 0.05 | 0.13 | 63 | Consumer Defensive | |
| RenaissanceRe Holdings Ltd. | -0.02 | 0.03 | 0.11 | 58 | Financial Services | |
| Exxon Mobil Corporation | 0.01 | 0.07 | 0.16 | 85 | Energy |
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