Looking to diversify beyond NOVM? The ETFs below have the lowest correlation with NOVM — 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 NOVM.
Best Diversifiers for NOVM
148 ETFs have low correlation with NOVM (below 0.3), 14 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | NOVM vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.12 | — | — | 95 | Inflation-Protected Bonds | NOVM vs IBID | |
| Brookstone Ultra-Short Bond ETF | -0.09 | — | — | 98 | Ultrashort Bond | NOVM vs BAMU | |
| Alerian Energy Infrastructure ETF | -0.08 | 0.17 | 0.17 | 50 | Energy Equities | NOVM vs ENFR | |
| First Trust Alternative Absolute Return Strategy E... | -0.08 | — | — | 70 | Commodities | NOVM vs FAAR |
See all 1138 diversifiers for NOVM
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Diversification Analysis
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