Looking to diversify beyond NOWL? The ETFs below have historically moved differently from NOWL, 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 NOWL
17 ETFs have low correlation with NOWL (below 0.3), 11 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long INTC Daily ETF | -0.18 | — | — | 97 | Leveraged Equities | NOWL vs INTW | |
| Leverage Shares 2X Long ASML Daily ETF | -0.17 | — | — | 93 | Leveraged Equities | NOWL vs ASMG | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.15 | — | — | 90 | Leveraged Equities, Semiconductors | NOWL vs SOXL | |
| Direxion Daily MU Bull 2X Shares | -0.14 | — | — | 98 | Leveraged Equities, Semiconductors | NOWL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | -0.14 | — | — | 98 | Leveraged Equities | NOWL vs MULL |
See all 17 diversifiers for NOWL
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