Looking to diversify beyond NUMG? The ETFs below have the lowest correlation with NUMG — 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 NUMG.
Best Diversifiers for NUMG
234 ETFs have low correlation with NUMG (below 0.3), 39 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.07 | 0.06 | 71 | Oil & Gas | NUMG vs DBE | |
| United States Brent Oil Fund LP | -0.22 | -0.05 | 0.06 | 65 | Oil & Gas | NUMG vs BNO | |
| Invesco DB Oil Fund | -0.20 | -0.03 | 0.07 | 65 | Oil & Gas | NUMG vs DBO | |
| iShares Commodities Select Strategy ETF | -0.18 | 0.00 | 0.10 | 70 | Commodities | NUMG vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | 0.01 | 0.11 | 71 | Commodities | NUMG vs GSG |
See all 1191 diversifiers for NUMG
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NUMG
Add NUMG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NUMG