Looking to balance out your exposure to NVDA? The ETFs below have the lowest correlation with NVDA — they tend to move on their own, which can help reduce risk when NVDA drops. The stock ideas table highlights individual companies that behave independently from NVDA.
Best Diversifiers for NVDA
208 ETFs have low correlation with NVDA (below 0.3), 51 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.27 | -0.11 | 0.12 | 74 | Dividend, Large Cap Value Equities | NVDA vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.27 | -0.06 | 0.14 | 73 | Large Cap Value Equities, Dividend | NVDA vs FDL | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | -0.18 | -0.01 | 0.20 | 52 | S&P 500, Dividend | NVDA vs SPYD | |
| WisdomTree US High Dividend Fund | -0.18 | -0.03 | 0.15 | 78 | Large Cap Value Equities, Dividend | NVDA vs DHS | |
| Schwab U.S. Dividend Equity ETF | -0.16 | 0.05 | 0.27 | 83 | Dividend | NVDA vs SCHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVDA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVDA and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.41, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.41 | -0.30 | -0.15 | 69 | Utilities | |
| Duke Energy Corporation | -0.37 | -0.29 | -0.15 | 65 | Utilities | |
| Arch Capital Group Ltd. | -0.33 | -0.10 | 0.06 | 62 | Financial Services | |
| Colgate-Palmolive Company | -0.33 | -0.23 | -0.10 | 50 | Consumer Defensive | |
| Altria Group, Inc. | -0.33 | -0.22 | -0.11 | 78 | Consumer Defensive |
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