Looking to balance out your exposure to NXXT? The ETFs below have the lowest correlation with NXXT — they tend to move on their own, which can help reduce risk when NXXT drops. The stock ideas table highlights individual companies that behave independently from NXXT.
Best Diversifiers for NXXT
1 ETFs have low correlation with NXXT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total World Stock ETF (VT) (Global Equities) with a 1Y correlation of 0.26, up from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total World Stock ETF | 0.26 | 0.12 | — | 66 | Global Equities | NXXT vs VT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NXXT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXXT and solid risk/return profiles. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.02, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.02 | 0.03 | — | 72 | Utilities |
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