Looking to diversify beyond NOVZ? The ETFs below have the lowest correlation with NOVZ — 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 NOVZ.
Best Diversifiers for NOVZ
149 ETFs have low correlation with NOVZ (below 0.3), 18 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 | NOVZ vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | — | — | 95 | Inflation-Protected Bonds | NOVZ vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.15 | 0.03 | 0.03 | 99 | Ultrashort Bond | NOVZ vs CSHP | |
| Brookstone Ultra-Short Bond ETF | -0.14 | -0.02 | -0.02 | 98 | Ultrashort Bond | NOVZ vs BAMU | |
| First Trust Alternative Absolute Return Strategy E... | -0.09 | 0.01 | 0.03 | 75 | Commodities | NOVZ vs FAAR |
See all 1063 diversifiers for NOVZ
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Diversification Analysis
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