Looking to diversify beyond NVDO? The ETFs below have historically moved differently from NVDO, 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 NVDO
1 ETFs have low correlation with NVDO (below 0.3), 0 of which are negatively correlated. The least correlated is Calamos Russell 2000 Structured Alt Protection ETF - July (CPRJ) (Defined Outcome) with a 1Y correlation of 0.26, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Russell 2000 Structured Alt Protection ETF... | 0.26 | 0.26 | 0.26 | 96 | Defined Outcome | NVDO vs CPRJ | |
| FT Vest International Equity Moderate Buffer ETF –... | 0.36 | 0.36 | 0.36 | 84 | Defined Outcome | NVDO vs YJUN | |
| Innovator International Developed Power Buffer ETF... | 0.36 | 0.36 | 0.36 | 83 | Defined Outcome | NVDO vs ISEP | |
| ProShares S&P 500 Dynamic Daily Buffer ETF | 0.40 | — | — | 95 | Defined Outcome, S&P 500 | NVDO vs FB | |
| Calamos S&P 500 Structured Alt Protection ETF - Fe... | 0.49 | — | — | 96 | Defined Outcome | NVDO vs CPSF |
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