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
375 ETFs have low correlation with NFTY (below 0.3), 44 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 98 | Inflation-Protected Bonds | NFTY vs IBIC | |
| VanEck Commodity Strategy ETF | -0.23 | -0.02 | — | 55 | Commodities | NFTY vs PIT | |
| ProShares UltraShort Yen | -0.19 | -0.10 | -0.10 | 61 | Leveraged Currency | NFTY vs YCS | |
| iShares Diversified Commodity Swap UCITS ETF | -0.17 | -0.08 | -0.08 | 77 | Commodities | NFTY vs ISCMF | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.17 | — | — | 50 | Commodities | NFTY vs CERY |
To view more results, upgrade your current subscription plan.
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 BP p.l.c. (BP) (Energy) with a 1Y correlation of -0.18, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | -0.18 | 0.04 | 0.14 | 76 | Energy | |
| ConocoPhillips Company | -0.16 | 0.02 | 0.11 | 61 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.03 | 0.12 | 68 | Energy | |
| Chevron Corporation | -0.10 | 0.06 | 0.14 | 68 | Energy | |
| Enterprise Products Partners L.P. | -0.08 | 0.08 | 0.18 | 82 | Energy |
To view more results, upgrade your current subscription plan.
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