Looking to diversify beyond NUBD? The ETFs below have historically moved differently from NUBD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NUBD
453 ETFs have low correlation with NUBD (below 0.3), 54 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.24 | -0.15 | 53 | Oil & Gas | NUBD vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.19 | -0.10 | 50 | Commodities | NUBD vs GSG | |
| Fidelity Managed Futures ETF | -0.35 | — | — | 77 | Systematic Trend, Actively Managed | NUBD vs FFUT | |
| DoubleLine Commodity Strategy ETF | -0.35 | -0.20 | -0.20 | 52 | Commodities | NUBD vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.31 | -0.16 | -0.08 | 56 | Commodities | NUBD vs DBC |
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