Looking to diversify beyond NUDM? The ETFs below have the lowest correlation with NUDM — 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 NUDM.
Best Diversifiers for NUDM
113 ETFs have low correlation with NUDM (below 0.3), 20 of which are negatively correlated. The least correlated is iShares iBonds Oct 2026 Term TIPS ETF (IBIC) (Inflation-Protected Bonds) with a 1Y correlation of -0.21, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | 0.01 | 0.01 | 98 | Inflation-Protected Bonds | NUDM vs IBIC | |
| TCW AAA CLO ETF | -0.16 | -0.04 | -0.04 | 99 | CLO | NUDM vs ACLO | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | 0.04 | 0.04 | 95 | Inflation-Protected Bonds | NUDM vs IBID | |
| First Trust Alternative Absolute Return Strategy E... | -0.12 | -0.01 | 0.03 | 70 | Commodities | NUDM vs FAAR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | -0.00 | -0.00 | 99 | Ultrashort Bond | NUDM vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NUDM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NUDM and solid risk/return profiles. The least correlated is Novartis AG (NVS) (Healthcare) with a 1Y correlation of 0.47, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Novartis AG | 0.47 | 0.42 | 0.44 | 80 | Healthcare |
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