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
139 ETFs have low correlation with NIHI (below 0.3), 20 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 | 53 | Currency | NIHI vs UUP | |
| Alerian Energy Infrastructure ETF | -0.08 | -0.08 | -0.08 | 58 | Energy Equities | NIHI vs ENFR | |
| Brookstone Ultra-Short Bond ETF | -0.07 | -0.07 | -0.07 | 99 | Ultrashort Bond | NIHI vs BAMU | |
| ClearShares Ultra-Short Maturity ETF | -0.07 | -0.07 | -0.07 | 100 | Ultrashort Bond | NIHI vs OPER | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.06 | -0.06 | -0.06 | 100 | Ultrashort Bond | NIHI vs BILZ |
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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 0.39, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PIMCO Dynamic Income Opportunities Fund | 0.39 | 0.39 | 0.39 | 69 | Financial Services |
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