Looking to diversify beyond NEMD? The ETFs below have the lowest correlation with NEMD — 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 NEMD.
Best Diversifiers for NEMD
74 ETFs have low correlation with NEMD (below 0.3), 13 of which are negatively correlated. The least correlated is abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) (Commodities) 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 |
|---|---|---|---|---|---|---|---|
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | -0.22 | -0.22 | -0.22 | 56 | Commodities | NEMD vs BCI | |
| ProShares Ultra Oil & Gas | -0.21 | -0.21 | -0.21 | 53 | Leveraged Equities | NEMD vs DIG | |
| Fidelity MSCI Energy Index ETF | -0.20 | -0.20 | -0.20 | 60 | Energy Equities | NEMD vs FENY | |
| Fidelity Managed Futures ETF | -0.19 | -0.19 | -0.19 | 81 | Systematic Trend | NEMD vs FFUT | |
| First Trust Energy AlphaDEX Fund | -0.15 | -0.15 | -0.15 | 65 | Energy Equities | NEMD vs FXN |
See all 1065 diversifiers for NEMD
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NEMD
Add NEMD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NEMD