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
455 ETFs have low correlation with NYM (below 0.3), 27 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.25 | -0.25 | 57 | Oil & Gas | NYM vs DBE | |
| Invesco DB Commodity Index Tracking Fund | -0.19 | -0.19 | -0.19 | 56 | Commodities | NYM vs DBC | |
| Barclays ETN+ Select MLP ETN | -0.19 | -0.19 | -0.19 | 65 | MLPs | NYM vs ATMP | |
| iShares Global Energy ETF | -0.19 | -0.19 | -0.19 | 65 | Energy Equities | NYM vs IXC | |
| Alerian Energy Infrastructure ETF | -0.19 | -0.19 | -0.19 | 79 | Energy Equities | NYM vs ENFR |
See all 1049 diversifiers for NYM
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