Looking to diversify beyond NVDX? The ETFs below have historically moved differently from NVDX, 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 NVDX
792 ETFs have low correlation with NVDX (below 0.3), 220 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 | NVDX vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | NVDX vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | NVDX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.32 | — | — | 61 | Cryptocurrency | NVDX vs BITI | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.27 | — | — | 92 | Large Cap Value Equities, Dividend | NVDX vs FDL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NVDX, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.34, roughly unchanged from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.34 | -0.29 | -0.29 | 56 | Utilities | |
| Altria Group, Inc. | -0.34 | -0.25 | -0.25 | 66 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.32 | -0.20 | -0.20 | 59 | Consumer Defensive | |
| Chubb Limited | -0.31 | -0.17 | -0.17 | 89 | Financial Services | |
| The Coca-Cola Company | -0.30 | -0.24 | -0.24 | 90 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NVDX
Add NVDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NVDX