Looking to diversify beyond NERD? The ETFs below have historically moved differently from NERD, 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 NERD
504 ETFs have low correlation with NERD (below 0.3), 80 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.31 | — | 51 | Cryptocurrency | NERD vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 69 | Derivative Income | NERD vs WNTR | |
| ProShares UltraShort Yen | -0.24 | -0.17 | -0.15 | 59 | Leveraged Currency | NERD vs YCS | |
| Invesco DB Energy Fund | -0.19 | -0.06 | 0.04 | 66 | Oil & Gas | NERD vs DBE | |
| Invesco DB Oil Fund | -0.18 | -0.04 | 0.04 | 51 | Oil & Gas | NERD vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NERD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AST SpaceMobile, Inc. (ASTS) (Technology) with a 1Y correlation of 0.20, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 0.20 | 0.28 | 0.36 | 55 | Technology | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.26 | 0.26 | 0.22 | 79 | Utilities | |
| Rocket Lab USA, Inc. | 0.32 | 0.38 | 0.44 | 67 | Industrials | |
| Gold Fields Limited | 0.32 | 0.23 | 0.21 | 63 | Basic Materials |
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