Looking to balance out your exposure to NVTS? The ETFs below have the lowest correlation with NVTS — they tend to move on their own, which can help reduce risk when NVTS drops. The stock ideas table highlights individual companies that behave independently from NVTS.
Best Diversifiers for NVTS
1 ETFs have low correlation with NVTS (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.04 | -0.03 | 100 | Ultrashort Bond | NVTS vs SGOV | |
| Leverage Shares 2X Long TSM Daily ETF | 0.36 | — | — | 66 | Leveraged Equities | NVTS vs TSMG | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.44 | 0.38 | 0.40 | 84 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | NVTS vs KORU | |
| SP Funds S&P World (ex-US) ETF | 0.48 | — | — | 53 | Foreign Large Cap Equities | NVTS vs SPWO | |
| Vanguard S&P 500 ETF | 0.48 | 0.48 | 0.50 | 66 | S&P 500 | NVTS vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVTS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVTS and solid risk/return profiles. The least correlated is AXIS Capital Holdings Limited (AXS) (Financial Services) with a 1Y correlation of -0.22, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXIS Capital Holdings Limited | -0.22 | -0.07 | 0.05 | 71 | Financial Services | |
| Berkshire Hathaway Inc. | -0.10 | 0.06 | 0.16 | 53 | Financial Services | |
| Johnson & Johnson | -0.06 | -0.06 | -0.03 | 96 | Healthcare | |
| Walmart Inc. | -0.06 | 0.02 | 0.06 | 69 | Consumer Defensive | |
| Eni S.p.A. | -0.00 | 0.08 | 0.13 | 89 | Energy |
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