Looking to diversify beyond NDOW? The ETFs below have historically moved differently from NDOW, 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 NDOW
174 ETFs have low correlation with NDOW (below 0.3), 35 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | — | — | 61 | Cryptocurrency | NDOW vs BITI | |
| Alpha Architect Tail Risk ETF | -0.32 | — | — | 56 | Options Trading | NDOW vs CAOS | |
| Invesco DB Energy Fund | -0.26 | — | — | 72 | Oil & Gas | NDOW vs DBE | |
| United States Brent Oil Fund LP | -0.23 | — | — | 52 | Oil & Gas | NDOW vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | NDOW vs IBIC |
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