Looking to balance out your exposure to NXT? The ETFs below have the lowest correlation with NXT — they tend to move on their own, which can help reduce risk when NXT drops. The stock ideas table highlights individual companies that behave independently from NXT.
Best Diversifiers for NXT
4 ETFs have low correlation with NXT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P Ultra Dividend Revenue ETF (RDIV) (Mid Cap Value Equities) with a 1Y correlation of 0.12, down from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P Ultra Dividend Revenue ETF | 0.12 | 0.27 | — | 80 | Mid Cap Value Equities, Dividend | NXT vs RDIV | |
| Pacer Global Cash Cows Dividend ETF | 0.13 | 0.23 | — | 63 | Large Cap Value Equities, Dividend | NXT vs GCOW | |
| iShares MSCI Spain ETF | 0.25 | 0.26 | — | 78 | Europe Equities | NXT vs EWP | |
| iShares International Developed Small Cap Value Fa... | 0.26 | 0.30 | — | 57 | Small Cap Value Equities | NXT vs ISVL | |
| WisdomTree Japan Hedged Equity Fund | 0.31 | 0.22 | — | 94 | Japan Equities, Asia Pacific Equities | NXT vs DXJ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NXT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXT and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.26, down from -0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.26 | -0.10 | — | 51 | Industrials | |
| Exxon Mobil Corporation | -0.10 | 0.09 | 0.11 | 71 | Energy | |
| Qualys, Inc. | -0.07 | 0.15 | — | 50 | Technology | |
| Welltower Inc. | -0.07 | 0.03 | 0.06 | 92 | Real Estate | |
| Bristol-Myers Squibb Company | -0.03 | 0.04 | — | 73 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NXT
Add NXT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NXT