Looking to balance out your exposure to NYMTN? The ETFs below have the lowest correlation with NYMTN — they tend to move on their own, which can help reduce risk when NYMTN drops. The stock ideas table highlights individual companies that behave independently from NYMTN.
Best Diversifiers for NYMTN
1 ETFs have low correlation with NYMTN (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of 0.12, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | 0.12 | 0.16 | 0.22 | 88 | Nasdaq-100, Derivative Income | NYMTN vs QYLD |
Diversification Analysis
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