Looking to diversify beyond NJNK? The ETFs below have the lowest correlation with NJNK — 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 NJNK.
Best Diversifiers for NJNK
96 ETFs have low correlation with NJNK (below 0.3), 19 of which are negatively correlated. The least correlated is iShares Enhanced Short-Term Bond Active ETF (CSHP) (Ultrashort Bond) with a 1Y correlation of -0.17, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | -0.08 | -0.08 | 99 | Ultrashort Bond | NJNK vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.14 | -0.04 | -0.04 | 75 | Commodities | NJNK vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.10 | 0.01 | 0.01 | 50 | Commodities | NJNK vs CMDT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.09 | -0.05 | -0.05 | 98 | Inflation-Protected Bonds | NJNK vs IBIC | |
| iShares Diversified Commodity Swap UCITS ETF | -0.07 | -0.01 | -0.01 | 78 | Commodities | NJNK vs ISCMF |
See all 1056 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