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
327 ETFs have low correlation with NEHI (below 0.3), 28 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.22, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.22 | -0.22 | -0.22 | 71 | Oil & Gas | NEHI vs DBE | |
| United States Brent Oil Fund LP | -0.18 | -0.18 | -0.18 | 65 | Oil & Gas | NEHI vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.14 | -0.14 | -0.14 | 71 | Commodities | NEHI vs GSG | |
| Invesco DB Oil Fund | -0.14 | -0.14 | -0.14 | 65 | Oil & Gas | NEHI vs DBO | |
| Brookmont Catastrophic Bond ETF | -0.07 | — | — | 93 | Nontraditional Bonds | NEHI vs ILS |
See all 1116 diversifiers for NEHI
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