Looking to diversify beyond NVBW? The ETFs below have historically moved differently from NVBW, 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 NVBW
213 ETFs have low correlation with NVBW (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.29 | — | 51 | Cryptocurrency | NVBW vs BITI | |
| Invesco DB Energy Fund | -0.29 | -0.08 | 0.02 | 66 | Oil & Gas | NVBW vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.05 | — | 51 | Oil & Gas | NVBW vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | NVBW vs IBIC | |
| Strive U.S. Energy ETF | -0.19 | 0.11 | 0.20 | 68 | Energy Equities | NVBW vs DRLL |
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