Looking to diversify beyond NVII? The ETFs below have the lowest correlation with NVII — 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 NVII.
Best Diversifiers for NVII
701 ETFs have low correlation with NVII (below 0.3), 156 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 65 | Derivative Income | NVII vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 60 | Inverse Equities, Leveraged Equities | NVII vs MSTZ | |
| iShares Core High Dividend ETF | -0.28 | — | — | 72 | Dividend, Large Cap Value Equities | NVII vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.26 | — | — | 70 | Large Cap Value Equities, Dividend | NVII vs FDL | |
| Brookstone Ultra-Short Bond ETF | -0.25 | — | — | 99 | Ultrashort Bond | NVII vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVII, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVII and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.38, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.38 | -0.37 | -0.37 | 63 | Utilities | |
| Altria Group, Inc. | -0.34 | -0.33 | -0.33 | 79 | Consumer Defensive | |
| Waste Management, Inc. | -0.32 | -0.31 | -0.31 | 51 | Industrials | |
| The Southern Company | -0.31 | -0.30 | -0.30 | 55 | Utilities | |
| Verizon Communications Inc. | -0.31 | -0.29 | -0.29 | 54 | Communication Services |
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