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
126 ETFs have low correlation with NJNK (below 0.3), 39 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | — | — | 71 | Oil & Gas | NJNK vs DBE | |
| Invesco DB Oil Fund | -0.26 | — | — | 65 | Oil & Gas | NJNK vs DBO | |
| United States Brent Oil Fund LP | -0.25 | -0.10 | -0.10 | 65 | Oil & Gas | NJNK vs BNO | |
| iShares Commodities Select Strategy ETF | -0.20 | — | — | 72 | Commodities | NJNK vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | — | — | 72 | Commodities | NJNK vs GSG |
See all 1190 diversifiers for NJNK
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Diversification Analysis
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