It's hard to beat the crowd when you're a member of the herd.

To this end, we've compiled six ways investors can seek to escape the consensus Wall Street bubble by examining some of the more "out-of-the-box" calls for the year ahead. Be warned: It's difficult to be both different and profitable.

"Simple contrarian strategies can perform spectacularly well at big macro turning points, but they underperform the rest of the time," cautioned equity strategists at Citigroup led by Robert Buckland. "Most of the time it just makes you poor."

If your heart is still set on taking the road less traveled, here are the ways to do so in 2016:

1. From Divergence To Convergence

This year, Wall Street has been enthralled by the divergence trade—that is, the decoupling of the Federal Reserve from other major central banks and its subsequent effect on interest rate differentials and currency valuations.

But this theme may have been priced into financial markets too thoroughly when it comes to the U.S. and European Union, setting the stage for a convergence trade in 2016.

Count Deutsche Bank in the camp that considers the divergence theme near its best-before date.

"The end of 2015 is marked by the unusual combination of the Fed likely to tighten policy, while the [European Central Bank] delivered additional easing (albeit below heightened expectations)," wrote strategists led by Francis Yared in a report dated Dec. 10. "While this policy divergence could persist early in the year, there should be some partial convergence later in 2016."

"Using the Fed’s forecast of the U.S. unemployment rate and the ECB’s forecast of the euro area unemployment rate we are currently at peak divergence between the Fed and the ECB," added Torsten Sløk, Deutsche Bank's chief international economist, in a note published the following day.

Deutsche Bank's convergence trade recommendation is to buy 30-year U.S. Treasuries and sell German bunds of the same duration.

Moreover, in accordance with the notion of "peak divergence," analysts at UBS expect the euro to end 2016 at 1.17, relative to the greenback.

“What we have been highlighting is the pricing is very extreme,” Themos Fiotakis, co-head of rates and foreign-exchange research at UBS’s investment bank, told Bloomberg's Simon Kennedy. “The market is pricing a remarkable confidence in a full Fed tightening cycle and on the other hand recessional conditions in the euro-area.”

The consensus among analysts surveyed by Bloomberg is for the euro to weaken in the first half of 2016 but to end the year virtually unchanged vs. the U.S. dollar.

Goldman Sachs, however, anticipates that the divergence trade has room to run in the foreign exchange market. In less than 12 months, Chief Currency Strategist Robin Brooks expects the euro to fall to parity against the greenback.