Looking to diversify beyond NIXT? The ETFs below have historically moved differently from NIXT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NIXT
193 ETFs have low correlation with NIXT (below 0.3), 34 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | — | — | 61 | Cryptocurrency | NIXT vs BITI | |
| Invesco DB Energy Fund | -0.28 | — | — | 72 | Oil & Gas | NIXT vs DBE | |
| Alpha Architect Tail Risk ETF | -0.27 | — | — | 56 | Options Trading | NIXT vs CAOS | |
| United States Brent Oil Fund LP | -0.26 | — | — | 52 | Oil & Gas | NIXT vs BNO | |
| Invesco DB Oil Fund | -0.23 | — | — | 58 | Oil & Gas | NIXT vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NIXT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.18 | — | — | 56 | Technology | |
| Micron Technology, Inc. | 0.26 | — | — | 99 | Technology | |
| Regency Centers Corporation | 0.27 | — | — | 76 | Real Estate | |
| Intel Corporation | 0.30 | — | — | 98 | Technology | |
| Rolls-Royce Holdings plc | 0.32 | — | — | 76 | Industrials |
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