Looking to diversify beyond NBET? The ETFs below have historically moved differently from NBET, 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 NBET
1178 ETFs have low correlation with NBET (below 0.3), 665 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.28, down from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.28 | -0.02 | — | 99 | Ultrashort Bond | NBET vs BKUI | |
| Franklin Short Duration U.S. Government ETF | -0.25 | -0.03 | — | 96 | Mortgage Backed Securities | NBET vs FTSD | |
| Fidelity Municipal Bond Opportunities ETF | -0.25 | — | — | 76 | Municipal Bonds | NBET vs FMUB | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.25 | 0.03 | — | 65 | Municipal Bonds | NBET vs BSMW | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.25 | 0.07 | 0.10 | 82 | Municipal Bonds | NBET vs FLMI |
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