Looking to diversify beyond NFRX? The ETFs below have the lowest correlation with NFRX — 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 NFRX.
Best Diversifiers for NFRX
0 ETFs have low correlation with NFRX (below 0.3), 0 of which are negatively correlated. The least correlated is Global X US Infrastructure Development ETF (PAVE) (Industrials Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X US Infrastructure Development ETF | 0.44 | 0.44 | 0.44 | 51 | Industrials Equities | NFRX vs PAVE |
Build a portfolio that complements NFRX
Add NFRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NFRX