Looking to diversify beyond NEAR? The ETFs below have historically moved differently from NEAR, 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 NEAR
1141 ETFs have low correlation with NEAR (below 0.3), 94 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.48 | -0.43 | 59 | Leveraged Currency | NEAR vs YCS | |
| Invesco DB Oil Fund | -0.40 | -0.23 | -0.15 | 51 | Oil & Gas | NEAR vs DBO | |
| United States Gasoline Fund, LP | -0.40 | -0.27 | -0.17 | 83 | Oil & Gas | NEAR vs UGA | |
| Invesco DB Energy Fund | -0.40 | -0.24 | -0.16 | 66 | Oil & Gas | NEAR vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.36 | -0.36 | — | 51 | Nontraditional Bonds | NEAR vs RISR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NEAR, 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 Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of -0.00, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.00 | 0.03 | 0.04 | 97 | Financial Services | |
| Frontline Ltd. | 0.11 | -0.02 | -0.03 | 96 | Industrials | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.12 | 0.05 | 0.06 | 86 | Financial Services | |
| Matson, Inc. | 0.17 | 0.06 | 0.04 | 94 | Industrials | |
| Agree Realty Corporation | 0.25 | 0.30 | 0.23 | 60 | Real Estate |
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