Looking to diversify beyond NOVP? The ETFs below have the lowest correlation with NOVP — 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 NOVP.
Best Diversifiers for NOVP
202 ETFs have low correlation with NOVP (below 0.3), 29 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | — | — | 52 | Cryptocurrency | NOVP vs BITI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | NOVP vs IBIC | |
| Invesco DB Energy Fund | -0.23 | — | — | 57 | Oil & Gas | NOVP vs DBE | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | — | — | 96 | Inflation-Protected Bonds | NOVP vs IBID | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.12 | — | — | 52 | Commodities | NOVP vs COMT |
See all 1159 diversifiers for NOVP
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Diversification Analysis
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