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
902 ETFs have low correlation with NHYM (below 0.3), 56 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | — | — | 53 | Oil & Gas | NHYM vs DBE | |
| Invesco DB Commodity Index Tracking Fund | -0.24 | — | — | 54 | Commodities | NHYM vs DBC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | — | — | 51 | Commodities | NHYM vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.23 | -0.16 | -0.16 | 51 | Commodities | NHYM vs DCMT | |
| Fidelity MSCI Energy Index ETF | -0.21 | -0.11 | -0.11 | 51 | Energy Equities | NHYM vs FENY |
See all 1126 diversifiers for NHYM
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Diversification Analysis
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