Looking to balance out your exposure to NXT? The ETFs below have historically moved differently from NXT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NXT
5 ETFs have low correlation with NXT (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Healthcare ETF (IYH) (Health & Biotech Equities) with a 1Y correlation of 0.04, down from 0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Healthcare ETF | 0.04 | 0.14 | — | 70 | Health & Biotech Equities | NXT vs IYH | |
| Invesco S&P Ultra Dividend Revenue ETF | 0.09 | 0.25 | — | 95 | Mid Cap Value Equities, Dividend | NXT vs RDIV | |
| Pacer Global Cash Cows Dividend ETF | 0.10 | 0.22 | — | 90 | Large Cap Value Equities, Dividend | NXT vs GCOW | |
| Pacer US Cash Cows 100 ETF | 0.12 | 0.31 | — | 85 | Mid Cap Value Equities, Dividend | NXT vs COWZ | |
| iShares MSCI Spain ETF | 0.29 | 0.27 | — | 88 | Europe Equities | NXT vs EWP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NXT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.12, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.12 | 0.08 | 0.10 | 84 | Energy | |
| Visa Inc. | -0.09 | 0.01 | 0.05 | 53 | Financial Services | |
| Berkshire Hathaway Inc. | -0.08 | 0.06 | 0.09 | 61 | Financial Services | |
| Qualys, Inc. | -0.08 | 0.14 | 0.17 | 50 | Technology | |
| Welltower Inc. | -0.07 | 0.03 | 0.05 | 89 | Real Estate |
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