Looking to balance out your exposure to NVMI? The ETFs below have the lowest correlation with NVMI — they tend to move on their own, which can help reduce risk when NVMI drops. The stock ideas table highlights individual companies that behave independently from NVMI.
Best Diversifiers for NVMI
0 ETFs have low correlation with NVMI (below 0.3), 0 of which are negatively correlated. The least correlated is Amplify CWP Enhanced Dividend Income ETF (DIVO) (Derivative Income) with a 1Y correlation of 0.31, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amplify CWP Enhanced Dividend Income ETF | 0.31 | 0.32 | 0.38 | 61 | Derivative Income | NVMI vs DIVO | |
| Vanguard Small-Cap ETF | 0.51 | 0.48 | 0.55 | 56 | Small Cap Blend Equities | NVMI vs VB | |
| Nomura Focused Emerging Markets Equity ETF | 0.54 | 0.50 | 0.50 | 96 | Emerging Markets Diversified | NVMI vs EMEQ | |
| State Street SPDR S&P 500 ETF | 0.57 | 0.57 | 0.61 | 70 | S&P 500 | NVMI vs SPY | |
| Vanguard S&P 500 ETF | 0.58 | 0.57 | 0.61 | 70 | S&P 500 | NVMI vs VOO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVMI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVMI and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.19, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.19 | -0.19 | -0.02 | 68 | Financial Services | |
| Murphy USA Inc. | -0.14 | -0.02 | 0.05 | 62 | Consumer Cyclical | |
| Chord Energy Corp | -0.13 | 0.04 | 0.15 | 75 | Energy | |
| Exxon Mobil Corporation | -0.09 | -0.02 | 0.08 | 85 | Energy | |
| Ackermans & Van Haaren NV ADR | -0.09 | -0.06 | -0.06 | 94 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NVMI
Add NVMI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NVMI