Looking to diversify beyond NNEX? The ETFs below have the lowest correlation with NNEX — 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 NNEX.
Best Diversifiers for NNEX
6 ETFs have low correlation with NNEX (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long MU Daily ETF (MULL) (Leveraged Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 0.20 | 0.20 | 0.20 | 98 | Leveraged Equities | NNEX vs MULL | |
| GraniteShares 2x Long DELL Daily ETF | 0.21 | 0.21 | 0.21 | 94 | Leveraged Equities | NNEX vs DLLL | |
| GraniteShares 2x Long MRVL Daily ETF | 0.21 | 0.21 | 0.21 | 90 | Leveraged Equities | NNEX vs MVLL | |
| Innovator Growth Accelerated Plus ETF - April | 0.26 | 0.26 | 0.26 | 97 | Leveraged Equities | NNEX vs QTAP | |
| Direxion Daily South Korea Bull 3X Shares | 0.26 | 0.26 | 0.26 | 95 | Leveraged Equities | NNEX vs KORU |
See all 7 diversifiers for NNEX
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