Looking to diversify beyond NZAC? The ETFs below have the lowest correlation with NZAC — 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 NZAC.
Best Diversifiers for NZAC
167 ETFs have low correlation with NZAC (below 0.3), 40 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.10 | 0.06 | 71 | Oil & Gas | NZAC vs DBE | |
| United States Brent Oil Fund LP | -0.37 | -0.08 | 0.05 | 65 | Oil & Gas | NZAC vs BNO | |
| Invesco DB Oil Fund | -0.34 | -0.06 | 0.07 | 65 | Oil & Gas | NZAC vs DBO | |
| iShares Commodities Select Strategy ETF | -0.26 | 0.01 | 0.13 | 72 | Commodities | NZAC vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | 0.01 | 0.13 | 72 | Commodities | NZAC vs GSG |
See all 1214 diversifiers for NZAC
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