Looking to diversify beyond NITE? The ETFs below have the lowest correlation with NITE — 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 NITE.
Best Diversifiers for NITE
237 ETFs have low correlation with NITE (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.50, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.50 | -0.49 | -0.49 | 52 | Cryptocurrency | NITE vs BITI | |
| Invesco DB Energy Fund | -0.23 | — | — | 57 | Oil & Gas | NITE vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | NITE vs IBIC | |
| Alerian Energy Infrastructure ETF | -0.17 | — | — | 79 | Energy Equities | NITE vs ENFR | |
| VanEck Energy Income ETF | -0.17 | — | — | 82 | Energy Equities | NITE vs EINC |
See all 1143 diversifiers for NITE
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NITE
Add NITE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NITE