Looking to diversify beyond NVDU? The ETFs below have the lowest correlation with NVDU — 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 NVDU.
Best Diversifiers for NVDU
727 ETFs have low correlation with NVDU (below 0.3), 164 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 65 | Derivative Income | NVDU vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 60 | Inverse Equities, Leveraged Equities | NVDU vs MSTZ | |
| iShares Core High Dividend ETF | -0.27 | — | — | 72 | Dividend, Large Cap Value Equities | NVDU vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.26 | — | — | 70 | Large Cap Value Equities, Dividend | NVDU vs FDL | |
| Brookstone Ultra-Short Bond ETF | -0.23 | — | — | 99 | Ultrashort Bond | NVDU vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVDU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVDU and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.36, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.36 | -0.28 | -0.28 | 63 | Utilities | |
| Waste Management, Inc. | -0.33 | -0.11 | -0.11 | 51 | Industrials | |
| Verizon Communications Inc. | -0.31 | -0.22 | -0.22 | 54 | Communication Services | |
| The Southern Company | -0.30 | -0.23 | -0.23 | 55 | Utilities | |
| The Coca-Cola Company | -0.29 | -0.22 | -0.22 | 82 | Consumer Defensive |
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