Looking to diversify beyond NVDB? The ETFs below have the lowest correlation with NVDB — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NVDB.
Best Diversifiers for NVDB
1 ETFs have low correlation with NVDB (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily S&P Biotech Bull 3x Shares (LABU) (Leveraged Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P Biotech Bull 3x Shares | 0.24 | 0.24 | 0.24 | 95 | Leveraged Equities | NVDB vs LABU | |
| GraniteShares 2x Long DELL Daily ETF | 0.31 | 0.31 | 0.31 | 96 | Leveraged Equities | NVDB vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 0.42 | 0.42 | 0.42 | 99 | Leveraged Equities, Semiconductors | NVDB vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 0.44 | — | — | 98 | Leveraged Equities | NVDB vs MULL | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.47 | 0.47 | 0.47 | 93 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | NVDB vs KORU |
See all 13 diversifiers for NVDB
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NVDB
Add NVDB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NVDB