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 Innovator International Developed Power Buffer ETF - January (IJAN) (Defined Outcome) with a 1Y correlation of 0.33, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator International Developed Power Buffer ETF... | 0.33 | 0.33 | 0.33 | 55 | Defined Outcome | NVDO vs IJAN | |
| Leverage Shares 2X Long ARM Daily ETF | 0.36 | 0.36 | 0.36 | 71 | Leveraged Equities | NVDO vs ARMG | |
| Innovator U.S. Small Cap Power Buffer ETF - Octobe... | 0.36 | 0.36 | 0.36 | 80 | Defined Outcome | NVDO vs KOCT | |
| FT Vest International Equity Moderate Buffer ETF –... | 0.39 | 0.39 | 0.39 | 62 | Defined Outcome | NVDO vs YJUN | |
| Innovator International Developed Power Buffer ETF... | 0.39 | 0.39 | 0.39 | 55 | Defined Outcome | NVDO vs ISEP |
See all 37 diversifiers for NVDO
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