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
216 ETFs have low correlation with NIKL (below 0.3), 12 of which are negatively correlated. The least correlated is iShares iBonds Oct 2026 Term TIPS ETF (IBIC) (Inflation-Protected Bonds) with a 1Y correlation of -0.09, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.09 | 0.06 | 0.06 | 98 | Inflation-Protected Bonds | NIKL vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | — | — | 99 | Ultrashort Bond | NIKL vs CSHP | |
| TCW AAA CLO ETF | -0.06 | — | — | 99 | CLO | NIKL vs ACLO | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.06 | — | — | 96 | Inflation-Protected Bonds | NIKL vs IBID | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.05 | -0.02 | -0.02 | 100 | Ultrashort Bond | NIKL vs BILZ |
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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 0.23, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | 0.23 | 0.24 | 0.25 | 99 | Technology |
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