Looking to balance out your exposure to NXST? The ETFs below have the lowest correlation with NXST — they tend to move on their own, which can help reduce risk when NXST drops. The stock ideas table highlights individual companies that behave independently from NXST.
No Diversifiers Found for NXST
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 NXST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXST and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.06, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.06 | -0.01 | 0.03 | 72 | Healthcare | |
| Walmart Inc. | -0.04 | 0.01 | 0.09 | 63 | Consumer Defensive | |
| Altria Group, Inc. | -0.04 | 0.17 | 0.22 | 69 | Consumer Defensive | |
| Raytheon Technologies Corporation | 0.02 | 0.14 | 0.27 | 70 | Industrials | |
| Johnson & Johnson | 0.03 | 0.14 | 0.15 | 92 | Healthcare |
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