Looking to diversify beyond NAPR? The ETFs below have historically moved differently from NAPR, 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 NAPR
267 ETFs have low correlation with NAPR (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.36 | — | 51 | Cryptocurrency | NAPR vs BITI | |
| Invesco DB Energy Fund | -0.19 | -0.04 | 0.04 | 66 | Oil & Gas | NAPR vs DBE | |
| VanEck Energy Income ETF | -0.17 | 0.16 | 0.28 | 79 | Energy Equities | NAPR vs EINC | |
| Invesco DB Oil Fund | -0.17 | -0.03 | 0.04 | 51 | Oil & Gas | NAPR vs DBO | |
| Alerian Energy Infrastructure ETF | -0.17 | 0.16 | 0.29 | 76 | Infrastructure Equities, Energy Equities | NAPR vs ENFR |
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