Looking to diversify beyond NUEM? The ETFs below have the lowest correlation with NUEM — 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 NUEM.
Best Diversifiers for NUEM
225 ETFs have low correlation with NUEM (below 0.3), 34 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.30, down from -0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.30 | -0.13 | — | 53 | Options Trading | NUEM vs CAOS | |
| Invesco DB Energy Fund | -0.26 | -0.02 | 0.09 | 58 | Oil & Gas | NUEM vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | NUEM vs IBIC | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.14 | 0.07 | 0.16 | 53 | Commodities | NUEM vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.14 | 0.09 | 0.16 | 57 | Commodities | NUEM vs GSG |
See all 1204 diversifiers for NUEM
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