Looking to diversify beyond NEMG? The ETFs below have the lowest correlation with NEMG — 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 NEMG.
Best Diversifiers for NEMG
199 ETFs have low correlation with NEMG (below 0.3), 14 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.29 | -0.29 | 57 | Cryptocurrency | NEMG vs BITI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.23 | -0.23 | 98 | Inflation-Protected Bonds | NEMG vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | -0.13 | -0.13 | 96 | Inflation-Protected Bonds | NEMG vs IBID | |
| Alerian MLP ETF | -0.10 | -0.10 | -0.10 | 54 | MLPs | NEMG vs AMLP | |
| Brookmont Catastrophic Bond ETF | -0.08 | — | — | 97 | Nontraditional Bonds | NEMG vs ILS |
See all 1094 diversifiers for NEMG
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