Looking to diversify beyond NMB? The ETFs below have the lowest correlation with NMB — 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 NMB.
Best Diversifiers for NMB
210 ETFs have low correlation with NMB (below 0.3), 48 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.26 | — | — | 53 | Cryptocurrency | NMB vs BITI | |
| Invesco DB Oil Fund | -0.24 | — | — | 50 | Oil & Gas | NMB vs DBO | |
| Invesco DB Energy Fund | -0.24 | — | — | 60 | Oil & Gas | NMB vs DBE | |
| DoubleLine Commodity Strategy ETF | -0.20 | — | — | 56 | Commodities | NMB vs DCMT | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.20 | — | — | 53 | Commodities | NMB vs COMT |
See all 1107 diversifiers for NMB
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Diversification Analysis
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