Looking to diversify beyond NNOV? The ETFs below have the lowest correlation with NNOV — 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 NNOV.
Best Diversifiers for NNOV
217 ETFs have low correlation with NNOV (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.12 | -0.12 | 71 | Oil & Gas | NNOV vs DBE | |
| United States Brent Oil Fund LP | -0.30 | — | — | 65 | Oil & Gas | NNOV vs BNO | |
| Invesco DB Oil Fund | -0.26 | — | — | 65 | Oil & Gas | NNOV vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | -0.22 | -0.22 | 98 | Inflation-Protected Bonds | NNOV vs IBIC | |
| iShares Commodities Select Strategy ETF | -0.21 | -0.04 | -0.04 | 71 | Commodities | NNOV vs COMT |
See all 1157 diversifiers for NNOV
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