Looking to diversify beyond NBFC? The ETFs below have historically moved differently from NBFC, 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 NBFC
138 ETFs have low correlation with NBFC (below 0.3), 50 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | — | — | 72 | Oil & Gas | NBFC vs DBE | |
| Invesco DB Oil Fund | -0.33 | — | — | 58 | Oil & Gas | NBFC vs DBO | |
| United States Brent Oil Fund LP | -0.33 | — | — | 52 | Oil & Gas | NBFC vs BNO | |
| ProShares Short Bitcoin ETF | -0.33 | — | — | 61 | Cryptocurrency | NBFC vs BITI | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.29 | — | — | 58 | Commodities | NBFC vs COMT |
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