Looking to diversify beyond NXTG? The ETFs below have historically moved differently from NXTG, 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 NXTG
355 ETFs have low correlation with NXTG (below 0.3), 69 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.35 | — | 51 | Cryptocurrency | NXTG vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 69 | Derivative Income | NXTG vs WNTR | |
| Invesco DB Energy Fund | -0.20 | -0.04 | 0.07 | 66 | Oil & Gas | NXTG vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.19 | -0.15 | -0.12 | 51 | Nontraditional Bonds | NXTG vs RISR | |
| iShares U.S. Insurance ETF | -0.18 | 0.09 | 0.28 | 54 | Financials Equities | NXTG vs IAK |
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