Looking to balance out your exposure to NXT.L? The ETFs below have the lowest correlation with NXT.L — they tend to move on their own, which can help reduce risk when NXT.L drops. The stock ideas table highlights individual companies that behave independently from NXT.L.
No Diversifiers Found for NXT.L
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 NXT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXT.L and solid risk/return profiles. The least correlated is Coca Cola HBC AG (CCH.L) (Consumer Defensive) with a 1Y correlation of 0.28, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca Cola HBC AG | 0.29 | 0.26 | 0.31 | 54 | Consumer Defensive |
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