Looking to balance out your exposure to NXRT? The ETFs below have the lowest correlation with NXRT — they tend to move on their own, which can help reduce risk when NXRT drops. The stock ideas table highlights individual companies that behave independently from NXRT.
Best Diversifiers for NXRT
2 ETFs have low correlation with NXRT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.00, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.00 | 0.22 | 0.29 | 53 | Nasdaq-100 | NXRT vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.36 | 0.41 | 65 | S&P 500 | NXRT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NXRT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXRT and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.32, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.32 | 0.44 | 0.50 | 78 | Real Estate | |
| Equity Residential | 0.65 | 0.69 | 0.69 | 57 | Real Estate |
Build a portfolio that complements NXRT
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