Looking to diversify beyond NYM? The ETFs below have the lowest correlation with NYM — 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 NYM.
Best Diversifiers for NYM
344 ETFs have low correlation with NYM (below 0.3), 0 of which are negatively correlated. The least correlated is Day Hagan Smart Buffer ETF (DHSB) (Derivative Income) with a 1Y correlation of 0.23, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Day Hagan Smart Buffer ETF | 0.23 | 0.23 | 0.23 | 59 | Derivative Income | NYM vs DHSB | |
| KraneShares Artificial Intelligence & Technology E... | 0.23 | 0.23 | 0.23 | 54 | Technology Equities | NYM vs AGIX | |
| First Trust BuyWrite Income ETF | 0.23 | 0.23 | 0.23 | 57 | Derivative Income | NYM vs FTHI | |
| iShares U.S. Technology ETF | 0.23 | 0.23 | 0.23 | 59 | Technology Equities | NYM vs IYW | |
| iShares iBonds Oct 2028 Term TIPS ETF | 0.23 | 0.23 | 0.23 | 86 | Inflation-Protected Bonds | NYM vs IBIE |
See all 854 diversifiers for NYM
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NYM
Add NYM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NYM