Looking to diversify beyond NDIV? The ETFs below have historically moved differently from NDIV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NDIV
1483 ETFs have low correlation with NDIV (below 0.3), 235 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.26, down from -0.05 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.26 | -0.05 | — | 65 | Municipal Bonds | NDIV vs BSMW | |
| Schwab Municipal Bond ETF | -0.22 | 0.01 | 0.00 | 67 | Municipal Bonds | NDIV vs SCMB | |
| FlexShares Ultra-Short Income ETF | -0.21 | -0.03 | — | 99 | Ultrashort Bond | NDIV vs RAVI | |
| Vanguard Tax-Exempt Bond ETF | -0.21 | 0.01 | 0.03 | 74 | Municipal Bonds | NDIV vs VTEB | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.21 | -0.01 | — | 82 | Municipal Bonds | NDIV vs FLMI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NDIV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.53, roughly unchanged from 0.59 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.53 | 0.59 | — | 89 | Energy | |
| Exxon Mobil Corporation | 0.66 | 0.67 | 0.70 | 84 | Energy |
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