Looking to diversify beyond NNOV? The ETFs below have historically moved differently from NNOV, 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 NNOV
263 ETFs have low correlation with NNOV (below 0.3), 47 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | — | — | 61 | Cryptocurrency | NNOV vs BITI | |
| Alpha Architect Tail Risk ETF | -0.33 | — | — | 56 | Options Trading | NNOV vs CAOS | |
| Invesco DB Energy Fund | -0.24 | — | — | 72 | Oil & Gas | NNOV vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | NNOV vs IBIC | |
| United States Brent Oil Fund LP | -0.22 | — | — | 52 | Oil & Gas | NNOV vs BNO |
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