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
6 ETFs have low correlation with NXT (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer Global Cash Cows Dividend ETF (GCOW) (Large Cap Value Equities) with a 1Y correlation of 0.15, down from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Global Cash Cows Dividend ETF | 0.15 | 0.26 | — | 79 | Large Cap Value Equities, Dividend | NXT vs GCOW | |
| Invesco S&P Ultra Dividend Revenue ETF | 0.18 | 0.30 | 0.31 | 71 | Mid Cap Value Equities, Dividend | NXT vs RDIV | |
| iShares MSCI Spain ETF | 0.19 | 0.26 | — | 55 | Europe Equities | NXT vs EWP | |
| iShares International Developed Small Cap Value Fa... | 0.22 | 0.30 | — | 54 | Small Cap Value Equities | NXT vs ISVL | |
| Pacer US Cash Cows 100 ETF | 0.23 | 0.35 | 0.35 | 65 | Mid Cap Value Equities, Dividend | NXT vs COWZ |
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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 Fox Corporation (FOX) (Communication Services) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fox Corporation | -0.04 | 0.13 | 0.15 | 53 | Communication Services | |
| Exxon Mobil Corporation | -0.03 | 0.13 | — | 85 | Energy | |
| Welltower Inc. | -0.01 | 0.07 | 0.08 | 79 | Real Estate | |
| Bristol-Myers Squibb Company | -0.01 | 0.04 | — | 63 | Healthcare | |
| Walmart Inc. | 0.02 | 0.04 | — | 63 | Consumer Defensive |
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Build a portfolio that complements NXT
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