Looking to diversify beyond NRES? The ETFs below have the lowest correlation with NRES — 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 NRES.
Best Diversifiers for NRES
292 ETFs have low correlation with NRES (below 0.3), 10 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.28, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | -0.27 | -0.27 | 57 | Cryptocurrency | NRES vs BITI | |
| TCW AAA CLO ETF | -0.08 | — | — | 99 | CLO | NRES vs ACLO | |
| Brookmont Catastrophic Bond ETF | -0.08 | — | — | 97 | Nontraditional Bonds | NRES vs ILS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | — | — | 100 | Government Bonds, Ultrashort Bond | NRES vs BIL | |
| Franklin Short Duration U.S. Government ETF | -0.03 | — | — | 96 | Mortgage Backed Securities | NRES vs FTSD |
See all 1123 diversifiers for NRES
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NRES
Add NRES to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NRES