Looking to diversify beyond NIHI? The ETFs below have the lowest correlation with NIHI — 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 NIHI.
Best Diversifiers for NIHI
168 ETFs have low correlation with NIHI (below 0.3), 54 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.52, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.52 | -0.52 | -0.52 | 56 | Currency | NIHI vs UUP | |
| ProShares Short Bitcoin ETF | -0.44 | -0.44 | — | 53 | Cryptocurrency | NIHI vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 58 | Inverse Equities, Leveraged Equities | NIHI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | NIHI vs WNTR | |
| United States Oil Fund LP | -0.31 | -0.31 | -0.31 | 61 | Oil & Gas | NIHI vs USO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NIHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NIHI and solid risk/return profiles. The least correlated is PIMCO Dynamic Income Opportunities Fund (PDO) (Financial Services) with a 1Y correlation of 0.37, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PIMCO Dynamic Income Opportunities Fund | 0.37 | 0.37 | 0.37 | 68 | Financial Services |
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