Looking to diversify beyond NVOH? The ETFs below have historically moved differently from NVOH, 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 NVOH
1132 ETFs have low correlation with NVOH (below 0.3), 42 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.20 | — | — | 61 | Cryptocurrency | NVOH vs BITI | |
| United States Brent Oil Fund LP | -0.16 | — | — | 52 | Oil & Gas | NVOH vs BNO | |
| Invesco DB Energy Fund | -0.16 | — | — | 72 | Oil & Gas | NVOH vs DBE | |
| Invesco DB Oil Fund | -0.15 | — | — | 58 | Oil & Gas | NVOH vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.11 | — | — | 67 | Commodities | NVOH vs GSG |
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