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.
Best Diversifiers for NXST
1 ETFs have low correlation with NXST (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.12, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.12 | 0.26 | 0.36 | 58 | Nasdaq-100 | NXST vs QQQ |
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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.06 | 0.00 | 0.08 | 71 | Consumer Defensive | |
| Altria Group, Inc. | -0.05 | 0.14 | 0.21 | 81 | Consumer Defensive | |
| Eli Lilly and Company | -0.05 | 0.00 | 0.03 | 80 | Healthcare | |
| Bancolombia S.A. | -0.04 | 0.17 | 0.23 | 93 | Financial Services | |
| Applied Materials, Inc. | -0.03 | 0.13 | 0.28 | 96 | Technology |
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