Looking to diversify beyond NDIA? The ETFs below have historically moved differently from NDIA, 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 NDIA
420 ETFs have low correlation with NDIA (below 0.3), 95 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.38 | — | — | 52 | Oil & Gas | NDIA vs BNO | |
| Invesco DB Energy Fund | -0.38 | — | — | 72 | Oil & Gas | NDIA vs DBE | |
| United States Oil Fund LP | -0.38 | — | — | 55 | Oil & Gas | NDIA vs USO | |
| Invesco DB Oil Fund | -0.35 | — | — | 58 | Oil & Gas | NDIA vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | — | — | 67 | Commodities | NDIA vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NDIA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.21, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.21 | -0.00 | -0.00 | 84 | Energy | |
| Iluka Resources Ltd ADR | 0.07 | — | — | 55 | Basic Materials | |
| AMN Healthcare Services, Inc. | 0.09 | 0.13 | 0.13 | 83 | Healthcare | |
| Illumina, Inc. | 0.12 | 0.21 | 0.21 | 91 | Healthcare | |
| Merck & Co., Inc. | 0.13 | 0.11 | 0.11 | 96 | Healthcare |
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