Looking to diversify beyond NHYM? The ETFs below have the lowest correlation with NHYM — 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 NHYM.
Best Diversifiers for NHYM
894 ETFs have low correlation with NHYM (below 0.3), 39 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.21 | — | — | 99 | Ultrashort Bond | NHYM vs CSHP | |
| Bastion Energy ETF | -0.19 | — | — | 84 | Energy Equities | NHYM vs BESF | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | — | — | 75 | Commodities | NHYM vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.17 | -0.12 | -0.12 | 55 | Commodities | NHYM vs FTGC | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.15 | -0.12 | -0.12 | 50 | Commodities | NHYM vs CMDT |
See all 1057 diversifiers for NHYM
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Diversification Analysis
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