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
343 ETFs have low correlation with NAIL (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.18 | -0.15 | 61 | Leveraged Currency | NAIL vs YCS | |
| VanEck Commodity Strategy ETF | -0.20 | -0.07 | — | 55 | Commodities | NAIL vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.19 | -0.07 | -0.05 | 70 | Commodities | NAIL vs FAAR | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.14 | -0.07 | -0.07 | 50 | Commodities | NAIL vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.14 | -0.03 | 0.06 | 53 | Commodities | NAIL vs FTGC |
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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 0.38, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| German American Bancorp, Inc. | 0.38 | 0.39 | 0.41 | 75 | Financial Services | |
| LGI Homes, Inc. | 0.78 | 0.81 | 0.83 | 50 | Consumer Cyclical |
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