Looking to diversify beyond NVBT? The ETFs below have historically moved differently from NVBT, 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 NVBT
181 ETFs have low correlation with NVBT (below 0.3), 39 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.08 | — | 53 | Oil & Gas | NVBT vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | NVBT vs IBIC | |
| Strive U.S. Energy ETF | -0.18 | 0.11 | 0.21 | 61 | Energy Equities | NVBT vs DRLL | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | -0.00 | 0.09 | 50 | Commodities | NVBT vs GSG | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.17 | 0.13 | 0.23 | 59 | Energy Equities | NVBT vs IEO |
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