Looking to balance out your exposure to NVEE? The ETFs below have the lowest correlation with NVEE — they tend to move on their own, which can help reduce risk when NVEE drops. The stock ideas table highlights individual companies that behave independently from NVEE.
Best Diversifiers for NVEE
1 ETFs have low correlation with NVEE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.11, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.11 | 0.35 | 0.42 | 66 | S&P 500 | NVEE vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVEE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVEE and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.05, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.05 | 0.22 | 0.27 | 71 | Technology | |
| Caterpillar Inc. | 0.14 | 0.32 | 0.36 | 98 | Industrials |
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