Looking to diversify beyond NELS? The ETFs below have the lowest correlation with NELS — 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 NELS.
Best Diversifiers for NELS
0 ETFs have low correlation with NELS (below 0.3), 0 of which are negatively correlated. The least correlated is FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN) (Defined Outcome) with a 1Y correlation of 0.85, roughly unchanged from 0.85 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Cboe Vest U.S. Equity Buffer ETF - June | 0.85 | 0.85 | 0.85 | 84 | Defined Outcome | NELS vs FJUN |
Diversification Analysis
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