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
75 ETFs have low correlation with NEMD (below 0.3), 13 of which are negatively correlated. The least correlated is SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) (Commodities) with a 1Y correlation of -0.19, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.19 | -0.19 | -0.19 | 50 | Commodities | NEMD vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.19 | -0.19 | -0.19 | 53 | Commodities | NEMD vs FTGC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.16 | -0.16 | -0.16 | 100 | Government Bonds, Ultrashort Bond | NEMD vs BIL | |
| Bastion Energy ETF | -0.10 | -0.10 | -0.10 | 75 | Energy Equities | NEMD vs BESF | |
| Direxion Auspice Broad Commodity Strategy ETF | -0.10 | -0.10 | -0.10 | 54 | Commodities | NEMD vs COM |
See all 1089 diversifiers for NEMD
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