Looking to diversify beyond NUKX? The ETFs below have historically moved differently from NUKX, 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 NUKX
163 ETFs have low correlation with NUKX (below 0.3), 20 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of -0.22, roughly unchanged from -0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.22 | -0.22 | -0.22 | 92 | Large Cap Value Equities, Dividend | NUKX vs FDL | |
| Fidelity Managed Futures ETF | -0.21 | -0.21 | -0.21 | 88 | Systematic Trend, Actively Managed | NUKX vs FFUT | |
| KFA Mount Lucas Index Strategy ETF | -0.21 | -0.21 | -0.21 | 61 | Systematic Trend | NUKX vs KMLM | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.13 | -0.13 | -0.13 | 78 | Commodities | NUKX vs DJP | |
| GraniteShares Bloomberg Commodity Broad Strategy N... | -0.12 | -0.12 | -0.12 | 76 | Commodities | NUKX vs COMB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NUKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BWX Technologies, Inc. (BWXT) (Industrials) with a 1Y correlation of 0.67, roughly unchanged from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BWX Technologies, Inc. | 0.67 | 0.67 | 0.67 | 53 | Industrials |
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