Looking to balance out your exposure to NOV.DE? The ETFs below have the lowest correlation with NOV.DE — they tend to move on their own, which can help reduce risk when NOV.DE drops. The stock ideas table highlights individual companies that behave independently from NOV.DE.
Best Diversifiers for NOV.DE
9 ETFs have low correlation with NOV.DE (below 0.3), 1 of which are negatively correlated. The least correlated is Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) (Bank Loan) with a 1Y correlation of -0.02, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | -0.02 | 0.00 | -0.02 | 99 | Bank Loan | NOV.DE vs XEON.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.12 | 0.18 | 0.22 | 63 | Europe Equities | NOV.DE vs FLXD.DE | |
| Xtrackers Nasdaq 100 UCITS ETF 1C | 0.21 | 0.23 | 0.26 | 71 | Nasdaq-100 | NOV.DE vs XNAS.DE | |
| Lyxor MSCI Emerging Markets Ex China UCITS ETF - A... | 0.21 | 0.20 | 0.19 | 92 | Emerging Markets Equities | NOV.DE vs EMXC.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | 0.21 | 0.23 | 0.26 | 72 | Nasdaq-100 | NOV.DE vs 6AQQ.DE |
See all 11 diversifiers for NOV.DE
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