Looking to diversify beyond NVDW? The ETFs below have historically moved differently from NVDW, 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 NVDW
790 ETFs have low correlation with NVDW (below 0.3), 221 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 75 | Derivative Income | NVDW vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | NVDW vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | NVDW vs SBIT | |
| ProShares Short Bitcoin ETF | -0.32 | — | — | 61 | Cryptocurrency | NVDW vs BITI | |
| iShares Core High Dividend ETF | -0.27 | -0.26 | -0.26 | 92 | Dividend, Large Cap Value Equities | NVDW vs HDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NVDW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.26, roughly unchanged from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.26 | -0.29 | -0.29 | 77 | Real Estate | |
| Johnson & Johnson | -0.21 | -0.21 | -0.21 | 97 | Healthcare | |
| Eli Lilly and Company | -0.07 | -0.05 | -0.05 | 83 | Healthcare | |
| Apple Inc | 0.17 | — | — | 89 | Technology | |
| AST SpaceMobile, Inc. | 0.23 | 0.24 | 0.24 | 52 | Technology |
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