Looking to balance out your exposure to NYMTM? The ETFs below have the lowest correlation with NYMTM — they tend to move on their own, which can help reduce risk when NYMTM drops. The stock ideas table highlights individual companies that behave independently from NYMTM.
Best Diversifiers for NYMTM
1 ETFs have low correlation with NYMTM (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.09, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.09 | 0.14 | 0.23 | 74 | S&P 500 | NYMTM vs VOO | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.33 | 0.32 | 0.40 | 58 | Preferred Stock/Convertible Bonds | NYMTM vs PFFA |
Diversification Analysis
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