Looking to diversify beyond NVDO? The ETFs below have the lowest correlation with NVDO — 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 NVDO.
Best Diversifiers for NVDO
0 ETFs have low correlation with NVDO (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer Swan SOS Moderate (April) ETF (PSMR) (Defined Outcome) with a 1Y correlation of 0.45, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Swan SOS Moderate (April) ETF | 0.45 | 0.45 | 0.45 | 98 | Defined Outcome | NVDO vs PSMR | |
| Innovator Equity Defined Protection ETF - 1 Yr Jun... | 0.46 | — | — | 94 | Defined Outcome | NVDO vs ZJUN | |
| Calamos S&P 500 Structured Alt Protection ETF - No... | 0.49 | 0.49 | 0.49 | 94 | Defined Outcome | NVDO vs CPSN | |
| Pacer Swan SOS Conservative (April) ETF | 0.49 | 0.49 | 0.49 | 97 | Defined Outcome | NVDO vs PSCW | |
| FT Cboe Vest U.S. Equity Deep Buffer ETF - June | 0.50 | 0.50 | 0.50 | 87 | Defined Outcome | NVDO vs DJUN |
See all 15 diversifiers for NVDO
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