Looking to balance out your exposure to NYAX? The ETFs below have the lowest correlation with NYAX — they tend to move on their own, which can help reduce risk when NYAX drops. The stock ideas table highlights individual companies that behave independently from NYAX.
No Diversifiers Found for NYAX
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 NYAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NYAX and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of -0.04, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | -0.04 | 0.00 | — | 51 | Industrials | |
| UroGen Pharma Ltd. | 0.00 | 0.08 | — | 97 | Healthcare | |
| Amgen Inc. | 0.05 | 0.00 | — | 67 | Healthcare | |
| Incyte Corporation | 0.08 | 0.06 | — | 80 | Healthcare | |
| United Parcel Service, Inc. | 0.10 | 0.07 | 0.09 | 59 | Industrials |
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