Looking to diversify beyond NIKL? The ETFs below have the lowest correlation with NIKL — 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 NIKL.
Best Diversifiers for NIKL
270 ETFs have low correlation with NIKL (below 0.3), 22 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.15, down from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.15 | 0.05 | — | 71 | Oil & Gas | NIKL vs DBE | |
| United States Brent Oil Fund LP | -0.15 | 0.07 | 0.08 | 65 | Oil & Gas | NIKL vs BNO | |
| Invesco DB Oil Fund | -0.13 | 0.08 | — | 65 | Oil & Gas | NIKL vs DBO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | — | — | 100 | Ultrashort Bond | NIKL vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.08 | 0.06 | 0.06 | 98 | Inflation-Protected Bonds | NIKL vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NIKL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NIKL and solid risk/return profiles. The least correlated is Intel Corporation (INTC) (Technology) with a 1Y correlation of 0.22, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | 0.22 | 0.25 | — | 98 | Technology |
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