Looking to diversify beyond NVDS? The ETFs below have the lowest correlation with NVDS — 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 NVDS.
Best Diversifiers for NVDS
1453 ETFs have low correlation with NVDS (below 0.3), 1328 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.86, roughly unchanged from -0.91 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.86 | -0.91 | — | 82 | Leveraged Equities, Semiconductors | NVDS vs USD | |
| Columbia Select Technology ETF | -0.74 | -0.72 | — | 70 | Semiconductors, Technology Equities | NVDS vs SEMI | |
| Alger Concentrated Equity ETF | -0.73 | -0.78 | -0.78 | 50 | Large Cap Growth Equities | NVDS vs CNEQ | |
| iShares Global Tech ETF | -0.72 | -0.77 | — | 75 | Technology Equities | NVDS vs IXN | |
| iShares U.S. Technology ETF | -0.72 | -0.78 | -0.80 | 59 | Technology Equities | NVDS vs IYW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVDS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVDS and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -1.00 | -1.00 | — | 72 | Technology |
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