Looking to diversify beyond NULV? The ETFs below have historically moved differently from NULV, 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 NULV
185 ETFs have low correlation with NULV (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.27 | — | 61 | Cryptocurrency | NULV vs BITI | |
| Invesco DB Energy Fund | -0.31 | -0.11 | 0.09 | 72 | Oil & Gas | NULV vs DBE | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.08 | — | 56 | Options Trading | NULV vs CAOS | |
| United States Brent Oil Fund LP | -0.29 | -0.10 | 0.07 | 52 | Oil & Gas | NULV vs BNO | |
| Invesco DB Oil Fund | -0.27 | -0.08 | 0.09 | 58 | Oil & Gas | NULV vs DBO |
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