Looking to balance out your exposure to NVST? The ETFs below have the lowest correlation with NVST — they tend to move on their own, which can help reduce risk when NVST drops. The stock ideas table highlights individual companies that behave independently from NVST.
Best Diversifiers for NVST
0 ETFs have low correlation with NVST (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 ETF (IVV) (S&P 500) with a 1Y correlation of 0.50, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF | 0.50 | 0.45 | 0.51 | 74 | S&P 500 | NVST vs IVV | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.45 | 0.51 | 74 | S&P 500 | NVST vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVST and solid risk/return profiles. The least correlated is Agnico Eagle Mines Limited (AEM) (Basic Materials) with a 1Y correlation of 0.20, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agnico Eagle Mines Limited | 0.20 | 0.16 | 0.16 | 68 | Basic Materials | |
| Wells Fargo & Company | 0.33 | 0.33 | 0.37 | 51 | Financial Services |
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