Looking to balance out your exposure to NOVN.SW? The ETFs below have the lowest correlation with NOVN.SW — they tend to move on their own, which can help reduce risk when NOVN.SW drops. The stock ideas table highlights individual companies that behave independently from NOVN.SW.
Best Diversifiers for NOVN.SW
0 ETFs have low correlation with NOVN.SW (below 0.3), 0 of which are negatively correlated. The least correlated is UBS Core SPI ETF CHF dis (SPICHA.SW) (Europe Equities) with a 1Y correlation of 0.61, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS Core SPI ETF CHF dis | 0.61 | 0.56 | 0.56 | 68 | Europe Equities | NOVN.SW vs SPICHA.SW | |
| iShares Swiss Dividend ETF (CH) | 0.68 | 0.62 | 0.61 | 60 | Europe Equities | NOVN.SW vs CHDVD.SW |
Diversification Analysis
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