Looking to diversify beyond NVOX? The ETFs below have the lowest correlation with NVOX — 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 NVOX.
Best Diversifiers for NVOX
489 ETFs have low correlation with NVOX (below 0.3), 14 of which are negatively correlated. The least correlated is iShares Enhanced Short-Term Bond Active ETF (CSHP) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | -0.06 | -0.06 | 99 | Ultrashort Bond | NVOX vs CSHP | |
| Simplify Currency Strategy ETF | -0.05 | — | — | 78 | Leveraged Currency | NVOX vs FOXY | |
| Breakwave Dry Bulk Shipping ETF | -0.04 | -0.01 | -0.01 | 75 | Commodities | NVOX vs BDRY | |
| Franklin Liberty Systematic Style Premia ETF | -0.04 | — | — | 56 | Long-Short | NVOX vs FLSP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.03 | — | — | 98 | Inflation-Protected Bonds | NVOX vs IBIC |
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