Looking to diversify beyond NBDS? The ETFs below have the lowest correlation with NBDS — 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 NBDS.
Best Diversifiers for NBDS
237 ETFs have low correlation with NBDS (below 0.3), 38 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.22, down from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.22 | 0.01 | — | 72 | Dividend, Large Cap Value Equities | NBDS vs HDV | |
| Brookstone Ultra-Short Bond ETF | -0.21 | — | — | 99 | Ultrashort Bond | NBDS vs BAMU | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | NBDS vs IBIC | |
| FT Vest DJIA Dogs 10 Target Income ETF | -0.18 | 0.07 | — | 52 | Derivative Income | NBDS vs DOGG | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.18 | 0.07 | 0.26 | 70 | Large Cap Value Equities, Dividend | NBDS vs FDL |
See all 1134 diversifiers for NBDS
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