Looking to diversify beyond NEMG? The ETFs below have historically moved differently from NEMG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NEMG
246 ETFs have low correlation with NEMG (below 0.3), 11 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.17, roughly unchanged from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.17 | -0.17 | -0.17 | 56 | Options Trading | NEMG vs CAOS | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.13 | -0.13 | -0.13 | 67 | Energy Equities | NEMG vs IEO | |
| ProShares Ultra Oil & Gas | -0.06 | -0.06 | -0.06 | 71 | Leveraged Equities | NEMG vs DIG | |
| Fidelity Managed Futures ETF | -0.05 | -0.05 | -0.05 | 88 | Systematic Trend, Actively Managed | NEMG vs FFUT | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.04 | -0.04 | -0.04 | 58 | Commodities | NEMG vs COMT |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NEMG
Add NEMG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NEMG