Looking to balance out your exposure to NUVL? The ETFs below have the lowest correlation with NUVL — they tend to move on their own, which can help reduce risk when NUVL drops. The stock ideas table highlights individual companies that behave independently from NUVL.
Best Diversifiers for NUVL
1 ETFs have low correlation with NUVL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Dividend Growth ETF (DGRO) (Large Cap Growth Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Dividend Growth ETF | 0.28 | 0.36 | — | 71 | Large Cap Growth Equities, Dividend | NUVL vs DGRO | |
| Vanguard S&P 500 ETF | 0.38 | 0.40 | — | 70 | S&P 500 | NUVL vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NUVL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NUVL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.25, roughly unchanged from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.25 | 0.24 | — | 78 | Technology |
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