Looking to diversify beyond NAIL? The ETFs below have historically moved differently from NAIL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NAIL
377 ETFs have low correlation with NAIL (below 0.3), 81 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.16 | -0.02 | 72 | Oil & Gas | NAIL vs DBE | |
| United States Gasoline Fund LP | -0.35 | -0.13 | -0.02 | 87 | Oil & Gas | NAIL vs UGA | |
| United States Brent Oil Fund LP | -0.34 | -0.14 | -0.03 | 52 | Oil & Gas | NAIL vs BNO | |
| Invesco DB Oil Fund | -0.34 | -0.14 | -0.02 | 58 | Oil & Gas | NAIL vs DBO | |
| United States Oil Fund LP | -0.32 | -0.14 | -0.02 | 55 | Oil & Gas | NAIL vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NAIL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| German American Bancorp, Inc. | 0.37 | 0.40 | 0.41 | 86 | Financial Services |
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