Looking to diversify beyond NVIR? The ETFs below have historically moved differently from NVIR, 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 NVIR
1056 ETFs have low correlation with NVIR (below 0.3), 149 of which are negatively correlated. The least correlated is Franklin Short Duration U.S. Government ETF (FTSD) (Mortgage Backed Securities) with a 1Y correlation of -0.25, down from -0.10 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.25 | -0.10 | — | 96 | Mortgage Backed Securities | NVIR vs FTSD | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.24 | -0.04 | — | 65 | Municipal Bonds | NVIR vs BSMW | |
| Fidelity Municipal Bond Opportunities ETF | -0.24 | — | — | 76 | Municipal Bonds | NVIR vs FMUB | |
| JPMorgan Municipal ETF | -0.23 | -0.01 | — | 69 | Municipal Bonds | NVIR vs JMUB | |
| JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ... | -0.23 | -0.11 | — | 92 | Government Bonds, Short-Term Bond | NVIR vs BBSB |
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