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
152 ETFs have low correlation with NEMG (below 0.3), 10 of which are negatively correlated. The least correlated is PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.09 | -0.09 | -0.09 | 100 | Ultrashort Bond | NEMG vs BILZ | |
| TCW AAA CLO ETF | -0.07 | -0.07 | -0.07 | 99 | CLO | NEMG vs ACLO | |
| Brookstone Ultra-Short Bond ETF | -0.06 | -0.06 | -0.06 | 98 | Ultrashort Bond | NEMG vs BAMU | |
| Breakwave Tanker Shipping ETF | -0.06 | -0.06 | -0.06 | 98 | Commodities | NEMG vs BWET | |
| Fidelity Managed Futures ETF | -0.05 | -0.05 | -0.05 | 64 | Systematic Trend | NEMG vs FFUT |
See all 1097 diversifiers for NEMG
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