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
756 ETFs have low correlation with NVDW (below 0.3), 179 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | NVDW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 70 | Derivative Income | NVDW vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | NVDW vs SBIT | |
| ProShares Short Bitcoin ETF | -0.30 | -0.32 | -0.32 | 57 | Cryptocurrency | NVDW vs BITI | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.28 | — | — | 53 | Dividend | NVDW vs LVHD |
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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. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.27, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.27 | -0.28 | -0.28 | 74 | Real Estate | |
| Johnson & Johnson | -0.22 | — | — | 97 | Healthcare | |
| Eli Lilly and Company | -0.05 | — | — | 80 | Healthcare | |
| Apple Inc | 0.20 | — | — | 91 | Technology | |
| AST SpaceMobile, Inc. | 0.25 | — | — | 65 | Technology |
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