Looking to diversify beyond NXTG? The ETFs below have the lowest correlation with NXTG — 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 NXTG.
Best Diversifiers for NXTG
295 ETFs have low correlation with NXTG (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.34 | -0.37 | 53 | Cryptocurrency | NXTG vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.39 | -0.39 | 65 | Inverse Equities, Leveraged Equities | NXTG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | -0.39 | -0.39 | 70 | Derivative Income | NXTG vs WNTR | |
| Invesco DB Energy Fund | -0.21 | -0.04 | 0.08 | 57 | Oil & Gas | NXTG vs DBE | |
| ProShares UltraShort Yen | -0.18 | -0.12 | -0.13 | 72 | Leveraged Currency | NXTG vs YCS |
See all 1560 diversifiers for NXTG
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NXTG
Add NXTG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NXTG