Looking to balance out your exposure to NDVLY? The ETFs below have the lowest correlation with NDVLY — they tend to move on their own, which can help reduce risk when NDVLY drops. The stock ideas table highlights individual companies that behave independently from NDVLY.
Best Diversifiers for NDVLY
1 ETFs have low correlation with NDVLY (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.10, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.10 | 0.05 | 0.06 | 81 | Leveraged Equities, Semiconductors | NDVLY vs USD |
Diversification Analysis
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