Looking to diversify beyond NFTY? The ETFs below have the lowest correlation with NFTY — 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 NFTY.
Best Diversifiers for NFTY
435 ETFs have low correlation with NFTY (below 0.3), 68 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.32 | -0.10 | 0.03 | 72 | Oil & Gas | NFTY vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.30 | — | — | 98 | Inflation-Protected Bonds | NFTY vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | — | — | 97 | Inflation-Protected Bonds | NFTY vs RBIL | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | -0.02 | 0.08 | 51 | Commodities | NFTY vs PDBC | |
| VanEck Commodity Strategy ETF | -0.22 | -0.03 | — | 69 | Commodities | NFTY vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NFTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NFTY and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.23, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.23 | -0.00 | 0.12 | 60 | Energy | |
| Devon Energy Corporation | -0.18 | 0.05 | 0.16 | 69 | Energy | |
| Waste Management, Inc. | -0.17 | -0.02 | 0.11 | 51 | Industrials | |
| BP p.l.c. | -0.16 | 0.04 | 0.14 | 74 | Energy | |
| Chevron Corporation | -0.16 | 0.03 | 0.14 | 67 | Energy |
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Build a portfolio that complements NFTY
Add NFTY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NFTY