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
341 ETFs have low correlation with NFRA (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.34 | -0.27 | 63 | Leveraged Currency | NFRA vs YCS | |
| Invesco DB Energy Fund | -0.25 | -0.06 | 0.09 | 71 | Oil & Gas | NFRA vs DBE | |
| Invesco DB Oil Fund | -0.23 | -0.04 | 0.09 | 65 | Oil & Gas | NFRA vs DBO | |
| United States 12 Month Oil Fund LP | -0.23 | -0.03 | 0.10 | 56 | Oil & Gas | NFRA vs USL | |
| United States Gasoline Fund LP | -0.23 | -0.05 | 0.08 | 71 | Oil & Gas | NFRA vs UGA |
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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 0.11, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.11 | 0.14 | 0.30 | 82 | Technology | |
| BlackRock Science and Technology Trust II | 0.22 | 0.32 | 0.44 | 96 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.57 | 0.59 | 0.61 | 64 | Financial Services |
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