Looking to diversify beyond NVII? The ETFs below have historically moved differently from NVII, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NVII
783 ETFs have low correlation with NVII (below 0.3), 220 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 75 | Derivative Income | NVII vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | NVII vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | NVII vs SBIT | |
| ProShares Short Bitcoin ETF | -0.32 | — | — | 61 | Cryptocurrency | NVII vs BITI | |
| iShares Core High Dividend ETF | -0.28 | — | — | 92 | Dividend, Large Cap Value Equities | NVII vs HDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NVII, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.36, roughly unchanged from -0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.36 | -0.37 | -0.37 | 56 | Utilities | |
| Altria Group, Inc. | -0.36 | -0.35 | -0.35 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.30 | -0.25 | -0.25 | 90 | Consumer Defensive | |
| PepsiCo, Inc. | -0.27 | -0.21 | -0.21 | 50 | Consumer Defensive | |
| Verizon Communications Inc. | -0.27 | -0.26 | -0.26 | 66 | Communication Services |
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