Looking to balance out your exposure to NVDA? The ETFs below have historically moved differently from NVDA, 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 NVDA
213 ETFs have low correlation with NVDA (below 0.3), 68 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.27, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.27 | -0.11 | 0.12 | 91 | Dividend, Large Cap Value Equities | NVDA vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.26 | -0.06 | 0.13 | 92 | Large Cap Value Equities, Dividend | NVDA vs FDL | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.26 | -0.13 | 0.08 | 58 | Dividend, Low Volatility | NVDA vs LVHD | |
| iShares U.S. Insurance ETF | -0.24 | -0.07 | 0.13 | 54 | Financials Equities | NVDA vs IAK | |
| Invesco S&P 500® High Dividend Low Volatility ETF | -0.24 | -0.10 | 0.10 | 55 | Dividend, S&P 500, Low Volatility | NVDA vs SPHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NVDA, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.37, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.37 | -0.30 | -0.15 | 56 | Utilities | |
| Duke Energy Corporation | -0.34 | -0.28 | -0.15 | 52 | Utilities | |
| Altria Group, Inc. | -0.34 | -0.23 | -0.12 | 66 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.34 | -0.11 | 0.05 | 65 | Financial Services | |
| Colgate-Palmolive Company | -0.33 | -0.23 | -0.10 | 57 | Consumer Defensive |
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