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
198 ETFs have low correlation with NUEM (below 0.3), 41 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.01 | 0.09 | 71 | Oil & Gas | NUEM vs DBE | |
| United States Brent Oil Fund LP | -0.32 | -0.00 | 0.08 | 65 | Oil & Gas | NUEM vs BNO | |
| Invesco DB Oil Fund | -0.30 | 0.01 | 0.09 | 65 | Oil & Gas | NUEM vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27 | -0.03 | -0.03 | 98 | Inflation-Protected Bonds | NUEM vs IBIC | |
| iShares Commodities Select Strategy ETF | -0.21 | 0.08 | 0.16 | 71 | Commodities | NUEM vs COMT |
See all 1160 diversifiers for NUEM
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NUEM
Add NUEM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NUEM