Looking to diversify beyond NVDW? The ETFs below have the lowest correlation with NVDW — 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 NVDW.
Best Diversifiers for NVDW
519 ETFs have low correlation with NVDW (below 0.3), 57 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of -0.20, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.20 | -0.20 | -0.20 | 70 | Large Cap Value Equities, Dividend | NVDW vs FDL | |
| SPDR Portfolio Short Term Treasury ETF | -0.15 | -0.15 | -0.15 | 84 | Government Bonds, Short-Term Bond | NVDW vs SPTS | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | -0.14 | -0.14 | — | 99 | Government Bonds, Ultrashort Bond | NVDW vs XONE | |
| VictoryShares US Large Cap High Dividend Volatilit... | -0.14 | -0.14 | -0.14 | 58 | Large Cap Value Equities, Dividend | NVDW vs CDL | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.14 | -0.14 | 100 | Ultrashort Bond | NVDW vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVDW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVDW and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.21 | — | — | 89 | Technology | |
| NVIDIA Corporation | 1.00 | — | — | 78 | Technology |
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