Looking to balance out your exposure to NVEC? The ETFs below have the lowest correlation with NVEC — they tend to move on their own, which can help reduce risk when NVEC drops. The stock ideas table highlights individual companies that behave independently from NVEC.
Best Diversifiers for NVEC
0 ETFs have low correlation with NVEC (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.54, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.54 | 0.51 | 0.50 | 70 | S&P 500 | NVEC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVEC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVEC and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.31, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.31 | 0.29 | 0.37 | 78 | Technology | |
| Advanced Micro Devices, Inc. | 0.44 | 0.43 | 0.45 | 98 | Technology | |
| Onto Innovation Inc. | 0.46 | 0.45 | 0.49 | 94 | Technology |
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