Looking to diversify beyond NJNK? The ETFs below have historically moved differently from NJNK, 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 NJNK
132 ETFs have low correlation with NJNK (below 0.3), 45 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 | NJNK vs BITI | |
| Invesco DB Energy Fund | -0.30 | — | — | 72 | Oil & Gas | NJNK vs DBE | |
| United States Brent Oil Fund LP | -0.28 | — | — | 52 | Oil & Gas | NJNK vs BNO | |
| Invesco DB Oil Fund | -0.27 | — | — | 58 | Oil & Gas | NJNK vs DBO | |
| Alpha Architect Tail Risk ETF | -0.25 | — | — | 56 | Options Trading | NJNK vs CAOS |
See all 1264 diversifiers for NJNK
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NJNK
Add NJNK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NJNK