Looking to diversify beyond NFTY? The ETFs below have historically moved differently from NFTY, 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 NFTY
517 ETFs have low correlation with NFTY (below 0.3), 101 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.15 | 0.00 | 72 | Oil & Gas | NFTY vs DBE | |
| United States Oil Fund LP | -0.40 | -0.14 | 0.01 | 55 | Oil & Gas | NFTY vs USO | |
| United States Brent Oil Fund LP | -0.40 | -0.13 | 0.01 | 52 | Oil & Gas | NFTY vs BNO | |
| Invesco DB Oil Fund | -0.37 | -0.12 | 0.02 | 58 | Oil & Gas | NFTY vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | -0.09 | 0.04 | 67 | Commodities | NFTY vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NFTY, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.26, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.26 | -0.02 | 0.11 | 70 | Energy | |
| ConocoPhillips Company | -0.23 | -0.02 | 0.11 | 72 | Energy | |
| BP p.l.c. | -0.23 | 0.02 | 0.15 | 84 | Energy | |
| Devon Energy Corporation | -0.22 | 0.03 | 0.15 | 76 | Energy | |
| Chevron Corporation | -0.20 | 0.01 | 0.12 | 80 | Energy |
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