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
565 ETFs have low correlation with NUBD (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.23 | -0.15 | 58 | Oil & Gas | NUBD vs DBE | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.35 | -0.19 | -0.12 | 53 | Commodities | NUBD vs COMT | |
| Fidelity Managed Futures ETF | -0.34 | — | — | 76 | Systematic Trend | NUBD vs FFUT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | -0.18 | -0.10 | 57 | Commodities | NUBD vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.32 | -0.15 | -0.08 | 60 | Commodities | NUBD vs DBC |
See all 1185 diversifiers for NUBD
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