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
223 ETFs have low correlation with NNOV (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.45 | -0.45 | 57 | Cryptocurrency | NNOV vs BITI | |
| Invesco DB Energy Fund | -0.23 | — | — | 53 | Oil & Gas | NNOV vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | NNOV vs IBIC | |
| VanEck Energy Income ETF | -0.17 | — | — | 81 | Energy Equities | NNOV vs EINC | |
| Alerian Energy Infrastructure ETF | -0.16 | — | — | 77 | Energy Equities | NNOV vs ENFR |
See all 1140 diversifiers for NNOV
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Diversification Analysis
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