Looking to diversify beyond NOVM? The ETFs below have historically moved differently from NOVM, 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 NOVM
209 ETFs have low correlation with NOVM (below 0.3), 40 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 | -0.47 | — | — | 61 | Cryptocurrency | NOVM vs BITI | |
| Alpha Architect Tail Risk ETF | -0.33 | — | — | 56 | Options Trading | NOVM vs CAOS | |
| Invesco DB Energy Fund | -0.27 | — | — | 72 | Oil & Gas | NOVM vs DBE | |
| United States Brent Oil Fund LP | -0.24 | — | — | 52 | Oil & Gas | NOVM vs BNO | |
| Invesco DB Oil Fund | -0.23 | — | — | 58 | Oil & Gas | NOVM vs DBO |
See all 1266 diversifiers for NOVM
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NOVM
Add NOVM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NOVM