Looking to diversify beyond NVDG? The ETFs below have historically moved differently from NVDG, 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 NVDG
810 ETFs have low correlation with NVDG (below 0.3), 223 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 75 | Derivative Income | NVDG vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 61 | Inverse Equities, Leveraged Equities | NVDG vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | NVDG vs SBIT | |
| ProShares Short Bitcoin ETF | -0.32 | — | — | 61 | Cryptocurrency | NVDG vs BITI | |
| iShares Core High Dividend ETF | -0.27 | — | — | 92 | Dividend, Large Cap Value Equities | NVDG vs HDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NVDG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 1.00 | — | — | 56 | Technology |
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