Looking to diversify beyond NUKX? The ETFs below have the lowest correlation with NUKX — 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 NUKX.
Best Diversifiers for NUKX
93 ETFs have low correlation with NUKX (below 0.3), 37 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.45 | -0.45 | 71 | Oil & Gas | NUKX vs DBE | |
| DoubleLine Commodity Strategy ETF | -0.39 | -0.39 | -0.39 | 74 | Commodities | NUKX vs DCMT | |
| Strive U.S. Energy ETF | -0.36 | -0.36 | — | 55 | Energy Equities | NUKX vs DRLL | |
| Invesco DB Commodity Index Tracking Fund | -0.35 | -0.35 | -0.35 | 77 | Commodities | NUKX vs DBC | |
| Alpha Architect 1-3 Month Box ETF | -0.33 | -0.33 | -0.33 | 100 | Ultrashort Bond | NUKX vs BOXX |
See all 1150 diversifiers for NUKX
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