PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) Diversifiers

ETF · Currency in USD · Last updated Jul 14, 2026

The T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) seeks daily investment results of 200% of the daily price performance of NVIDIA Corporation (NVDA) common stock, before fees and expenses. The fund uses swap agreements to achieve its leveraged single-stock exposure and is intended for short-term tactical trading rather than buy-and-hold investing, as daily compounding causes returns to diverge from 2x NVDA over longer periods. It launched in October 2023 under the T-Rex brand from REX Shares and Tuttle Capital Management.

Looking to diversify beyond NVDX? The ETFs below have the lowest correlation with NVDX — 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 NVDX.

Best Diversifiers for NVDX

746 ETFs have low correlation with NVDX (below 0.3), 177 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
WNTR
YieldMax Short MSTR Option Income Strategy ETF-0.32——
70
Derivative IncomeNVDX vs WNTR
MSTZ
T-REX 2X Inverse MSTR Daily Target ETF-0.32——
68
Inverse Equities, Leveraged EquitiesNVDX vs MSTZ
SBIT
Proshares Ultrashort Bitcoin ETF-0.31-0.30-0.30
52
Cryptocurrency, Leveraged CryptocurrencyNVDX vs SBIT
BITI
ProShares Short Bitcoin ETF-0.30-0.26-0.26
57
CryptocurrencyNVDX vs BITI
LVHD
Franklin U.S. Low Volatility High Dividend Index E...-0.27——
53
DividendNVDX vs LVHD
See all 1551 diversifiers for NVDX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from NVDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVDX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.36, roughly unchanged from -0.29 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
DUK
Duke Energy Corporation-0.36-0.29-0.29
66
Utilities
CL
Colgate-Palmolive Company-0.33-0.23-0.23
53
Consumer Defensive
WM
Waste Management, Inc.-0.33-0.10-0.10
53
Industrials
VZ
Verizon Communications Inc.-0.31-0.22-0.22
57
Communication Services
CB
Chubb Limited-0.31-0.16-0.16
86
Financial Services
See all 145 low-correlation stocks for NVDX

To view more results, upgrade your current subscription plan.

Diversification Analysis

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