Looking to diversify beyond NAIL? The ETFs below have the lowest correlation with NAIL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NAIL.
Best Diversifiers for NAIL
372 ETFs have low correlation with NAIL (below 0.3), 46 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.32 | -0.12 | -0.01 | 72 | Oil & Gas | NAIL vs UGA | |
| ProShares UltraShort Yen | -0.28 | -0.18 | -0.15 | 75 | Leveraged Currency | NAIL vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.24 | -0.07 | 0.03 | 51 | Commodities | NAIL vs PDBC | |
| VanEck Commodity Strategy ETF | -0.19 | -0.07 | — | 69 | Commodities | NAIL vs PIT | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.18 | -0.06 | 0.04 | 65 | Commodities | NAIL vs SDCI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NAIL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NAIL and solid risk/return profiles. The least correlated is German American Bancorp, Inc. (GABC) (Financial Services) with a 1Y correlation of 0.37, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| German American Bancorp, Inc. | 0.37 | 0.40 | 0.41 | 69 | Financial Services |
Build a portfolio that complements NAIL
Add NAIL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NAIL