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
601 ETFs have low correlation with NVOX (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.24, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.24 | -0.16 | -0.16 | 57 | Cryptocurrency | NVOX vs BITI | |
| Invesco DB Energy Fund | -0.19 | — | — | 53 | Oil & Gas | NVOX vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.13 | -0.10 | -0.10 | 51 | Commodities | NVOX vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.11 | -0.08 | -0.08 | 54 | Commodities | NVOX vs DBC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 99 | Ultrashort Bond | NVOX vs CSHP |
See all 1134 diversifiers for NVOX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NVOX
Add NVOX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NVOX