Looking to balance out your exposure to NVR? The ETFs below have the lowest correlation with NVR — they tend to move on their own, which can help reduce risk when NVR drops. The stock ideas table highlights individual companies that behave independently from NVR.
Best Diversifiers for NVR
10 ETFs have low correlation with NVR (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.05 | -0.00 | 100 | Government Bonds, Ultrashort Bond | NVR vs BIL | |
| State Street Technology Select Sector SPDR ETF | 0.05 | 0.23 | 0.38 | 83 | Technology Equities | NVR vs XLK | |
| Vanguard Information Technology ETF | 0.07 | 0.25 | 0.40 | 76 | Technology Equities | NVR vs VGT | |
| Invesco QQQ ETF | 0.15 | 0.29 | 0.42 | 73 | Nasdaq-100 | NVR vs QQQ | |
| Invesco NASDAQ 100 ETF | 0.15 | 0.29 | 0.42 | 74 | Nasdaq-100 | NVR vs QQQM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVR and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.12, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.12 | 0.07 | 0.19 | 67 | Technology | |
| Suncor Energy Inc. | -0.11 | 0.07 | 0.12 | 95 | Energy | |
| CrowdStrike Holdings, Inc. | -0.11 | 0.08 | 0.21 | 70 | Technology | |
| NVIDIA Corporation | -0.10 | 0.09 | 0.27 | 78 | Technology | |
| Valero Energy Corporation | -0.09 | 0.11 | 0.12 | 93 | Energy |
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