Looking to diversify beyond NFRA? The ETFs below have the lowest correlation with NFRA — 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 NFRA.
Best Diversifiers for NFRA
290 ETFs have low correlation with NFRA (below 0.3), 35 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.46 | -0.46 | -0.50 | 51 | Currency | NFRA vs UUP | |
| ProShares UltraShort Yen | -0.45 | -0.35 | -0.27 | 72 | Leveraged Currency | NFRA vs YCS | |
| ProShares Short Bitcoin ETF | -0.23 | -0.21 | -0.25 | 57 | Cryptocurrency | NFRA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.23 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | NFRA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | — | — | 68 | Inverse Equities, Leveraged Equities | NFRA vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NFRA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NFRA and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.12, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.12 | 0.14 | 0.30 | 65 | Technology | |
| BlackRock Science and Technology Term Trust | 0.21 | 0.31 | 0.44 | 93 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.56 | 0.60 | 0.61 | 73 | Financial Services |
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