Looking to diversify beyond NEHI? The ETFs below have historically moved differently from NEHI, 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 NEHI
598 ETFs have low correlation with NEHI (below 0.3), 74 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.75, roughly unchanged from -0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.75 | -0.75 | -0.75 | 69 | Derivative Income | NEHI vs WNTR | |
| Invesco DB Energy Fund | -0.19 | -0.19 | -0.19 | 66 | Oil & Gas | NEHI vs DBE | |
| United States Gasoline Fund, LP | -0.13 | -0.13 | -0.13 | 83 | Oil & Gas | NEHI vs UGA | |
| USCF Midstream Energy Income Fund ETF | -0.12 | -0.12 | -0.12 | 77 | Energy Equities | NEHI vs UMI | |
| Invesco DB Oil Fund | -0.12 | -0.12 | -0.12 | 51 | Oil & Gas | NEHI vs DBO |
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