Looking to diversify beyond NEHI? The ETFs below have the lowest correlation with NEHI — 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 NEHI.
Best Diversifiers for NEHI
431 ETFs have low correlation with NEHI (below 0.3), 33 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of -0.12, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.12 | -0.12 | -0.12 | 69 | Large Cap Value Equities, Dividend | NEHI vs FDL | |
| VanEck Energy Income ETF | -0.11 | -0.11 | -0.11 | 64 | Energy Equities | NEHI vs EINC | |
| Brookstone Ultra-Short Bond ETF | -0.11 | -0.11 | -0.11 | 98 | Ultrashort Bond | NEHI vs BAMU | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | -0.11 | -0.11 | 99 | Ultrashort Bond | NEHI vs CSHP | |
| Texas Capital Government Money Market ETF | -0.10 | -0.10 | -0.10 | 100 | Money Market | NEHI vs MMKT |
See all 1430 diversifiers for NEHI
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