Looking to diversify beyond NBFC? The ETFs below have the lowest correlation with NBFC — 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 NBFC.
Best Diversifiers for NBFC
121 ETFs have low correlation with NBFC (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.28 | -0.28 | 57 | Cryptocurrency | NBFC vs BITI | |
| Invesco DB Energy Fund | -0.33 | — | — | 53 | Oil & Gas | NBFC vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | — | — | 51 | Commodities | NBFC vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.25 | — | — | 51 | Commodities | NBFC vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.24 | -0.09 | -0.09 | 54 | Commodities | NBFC vs DBC |
See all 1124 diversifiers for NBFC
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