Looking to diversify beyond NVDL? The ETFs below have the lowest correlation with NVDL — 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 NVDL.
Best Diversifiers for NVDL
746 ETFs have low correlation with NVDL (below 0.3), 203 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.21, down from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.21 | -0.08 | — | 64 | Dividend, Large Cap Value Equities | NVDL vs HDV | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | -0.10 | -0.10 | 98 | Inflation-Protected Bonds | NVDL vs IBIC | |
| Brookstone Ultra-Short Bond ETF | -0.20 | -0.01 | -0.01 | 98 | Ultrashort Bond | NVDL vs BAMU | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.20 | -0.04 | — | 70 | Large Cap Value Equities, Dividend | NVDL vs FDL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.19 | — | — | 97 | Inflation-Protected Bonds | NVDL vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVDL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVDL and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.33, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.33 | -0.26 | -0.22 | 53 | Utilities | |
| Verizon Communications Inc. | -0.27 | -0.18 | -0.15 | 59 | Communication Services | |
| Altria Group, Inc. | -0.24 | -0.18 | -0.16 | 69 | Consumer Defensive | |
| Chubb Limited | -0.22 | -0.12 | -0.08 | 51 | Financial Services | |
| Walmart Inc. | -0.20 | 0.00 | 0.02 | 63 | Consumer Defensive |
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