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
191 ETFs have low correlation with NIHI (below 0.3), 59 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) 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 | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.37 | -0.37 | 71 | Oil & Gas | NIHI vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.34 | -0.34 | 65 | Oil & Gas | NIHI vs BNO | |
| United States Oil Fund LP | -0.34 | -0.34 | -0.34 | 66 | Oil & Gas | NIHI vs USO | |
| United States Gasoline Fund LP | -0.32 | -0.32 | -0.32 | 69 | Oil & Gas | NIHI vs UGA | |
| United States 12 Month Oil Fund LP | -0.30 | -0.30 | -0.30 | 56 | Oil & Gas | NIHI vs USL |
See all 1557 diversifiers for NIHI
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