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
656 ETFs have low correlation with NVDX (below 0.3), 117 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.24, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.24 | -0.10 | -0.10 | 64 | Dividend, Large Cap Value Equities | NVDX vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.22 | — | — | 65 | Large Cap Value Equities, Dividend | NVDX vs FDL | |
| Brookstone Ultra-Short Bond ETF | -0.22 | -0.01 | -0.01 | 98 | Ultrashort Bond | NVDX vs BAMU | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.21 | — | — | 95 | Inflation-Protected Bonds | NVDX vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | -0.10 | -0.10 | 98 | Inflation-Protected Bonds | NVDX vs IBIC |
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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 -0.33, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.33 | -0.26 | -0.26 | 62 | Utilities | |
| Verizon Communications Inc. | -0.28 | -0.20 | -0.20 | 63 | Communication Services | |
| The Southern Company | -0.27 | -0.22 | -0.22 | 55 | Utilities | |
| Chubb Limited | -0.25 | -0.13 | -0.13 | 68 | Financial Services | |
| Altria Group, Inc. | -0.25 | -0.22 | -0.22 | 70 | Consumer Defensive |
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