Looking to diversify beyond NBDS? The ETFs below have historically moved differently from NBDS, 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 NBDS
285 ETFs have low correlation with NBDS (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.53, down from -0.39 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.53 | -0.39 | — | 51 | Cryptocurrency | NBDS vs BITI | |
| iShares Core High Dividend ETF | -0.26 | -0.01 | — | 91 | Dividend, Large Cap Value Equities | NBDS vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.23 | 0.05 | — | 92 | Large Cap Value Equities, Dividend | NBDS vs FDL | |
| iShares U.S. Insurance ETF | -0.22 | 0.02 | — | 54 | Financials Equities | NBDS vs IAK | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | NBDS vs IBIC |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NBDS
Add NBDS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NBDS