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
198 ETFs have low correlation with NVDA (below 0.3), 56 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.22, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.22 | -0.08 | 0.13 | 64 | Dividend, Large Cap Value Equities | NVDA vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.20 | -0.04 | 0.14 | 70 | Large Cap Value Equities, Dividend | NVDA vs FDL | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.16 | -0.05 | 0.03 | 93 | Inflation-Protected Bonds | NVDA vs VTIP | |
| FlexShares iBoxx 3-Year Target Duration TIPS Index... | -0.14 | -0.04 | 0.03 | 84 | Inflation-Protected Bonds | NVDA vs TDTT | |
| ProShares Ultra Oil & Gas | -0.14 | -0.02 | 0.11 | 61 | Leveraged Equities | NVDA vs DIG |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.34, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.34 | -0.27 | -0.14 | 53 | Utilities | |
| Altria Group, Inc. | -0.28 | -0.20 | -0.10 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | -0.28 | -0.19 | -0.08 | 59 | Communication Services | |
| Chubb Limited | -0.25 | -0.14 | 0.02 | 51 | Financial Services | |
| National Retail Properties, Inc. | -0.25 | -0.15 | 0.05 | 62 | Real Estate |
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