Looking to diversify beyond NFRA? The ETFs below have historically moved differently from NFRA, 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 NFRA
309 ETFs have low correlation with NFRA (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.35 | -0.27 | 56 | Leveraged Currency | NFRA vs YCS | |
| ProShares Short Bitcoin ETF | -0.23 | -0.20 | — | 61 | Cryptocurrency | NFRA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.23 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | NFRA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.21 | — | — | 61 | Inverse Equities, Leveraged Equities | NFRA vs MSTZ | |
| Invesco DB Energy Fund | -0.21 | -0.09 | 0.08 | 72 | Oil & Gas | NFRA vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NFRA, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.17, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.17 | 0.15 | 0.31 | 56 | Technology | |
| BlackRock Science and Technology Term Trust | 0.21 | 0.31 | 0.44 | 87 | Financial Services | |
| Brookfield Infrastructure Corporation | 0.29 | 0.37 | 0.37 | 56 | Utilities | |
| Cohen & Steers Infrastructure Fund, Inc | 0.56 | 0.60 | 0.61 | 74 | Financial Services |
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