Looking to balance out your exposure to NUVL? The ETFs below have historically moved differently from NUVL, 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 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 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Dividend Growth ETF | 0.28 | 0.36 | 0.34 | 91 | Large Cap Growth Equities, Dividend | NUVL vs DGRO | |
| Vanguard S&P 500 ETF | 0.34 | 0.38 | 0.37 | 68 | S&P 500 | NUVL vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NUVL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.22, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.22 | 0.24 | 0.26 | 56 | Technology |
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