Looking to diversify beyond NUBD? The ETFs below have the lowest correlation with NUBD — 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 NUBD.
Best Diversifiers for NUBD
762 ETFs have low correlation with NUBD (below 0.3), 50 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.40 | -0.22 | -0.14 | 71 | Oil & Gas | NUBD vs DBE | |
| Invesco DB Oil Fund | -0.40 | -0.20 | -0.14 | 65 | Oil & Gas | NUBD vs DBO | |
| United States Brent Oil Fund LP | -0.39 | -0.21 | -0.15 | 65 | Oil & Gas | NUBD vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | -0.16 | -0.10 | 71 | Commodities | NUBD vs GSG | |
| iShares Commodities Select Strategy ETF | -0.34 | -0.17 | -0.11 | 71 | Commodities | NUBD vs COMT |
See all 1153 diversifiers for NUBD
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