Looking to diversify beyond NORW? The ETFs below have the lowest correlation with NORW — 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 NORW.
Best Diversifiers for NORW
808 ETFs have low correlation with NORW (below 0.3), 70 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.31, up from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.36 | -0.45 | 51 | Currency | NORW vs UUP | |
| ProShares Short Bitcoin ETF | -0.29 | -0.21 | -0.24 | 57 | Cryptocurrency | NORW vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 68 | Inverse Equities, Leveraged Equities | NORW vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | NORW vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | — | — | 70 | Derivative Income | NORW vs WNTR |
See all 1547 diversifiers for NORW
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