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
161 ETFs have low correlation with NMB (below 0.3), 24 of which are negatively correlated. The least correlated is iShares Enhanced Short-Term Bond Active ETF (CSHP) (Ultrashort Bond) with a 1Y correlation of -0.19, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.19 | -0.11 | -0.11 | 99 | Ultrashort Bond | NMB vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.12 | -0.06 | -0.06 | 75 | Commodities | NMB vs FAAR | |
| Alerian Energy Infrastructure ETF | -0.09 | 0.07 | 0.07 | 57 | Energy Equities | NMB vs ENFR | |
| TCW AAA CLO ETF | -0.09 | — | — | 99 | CLO | NMB vs ACLO | |
| Fidelity Managed Futures ETF | -0.09 | -0.10 | -0.10 | 64 | Systematic Trend | NMB vs FFUT |
See all 1062 diversifiers for NMB
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