Looking to diversify beyond NVTX? The ETFs below have the lowest correlation with NVTX — 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 NVTX.
Best Diversifiers for NVTX
3 ETFs have low correlation with NVTX (below 0.3), 0 of which are negatively correlated. The least correlated is ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) (Leveraged Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 0.14 | 0.14 | 0.14 | 73 | Leveraged Equities, Dividend | NVTX vs SCDL | |
| Direxion Daily AAPL Bull 2X Shares | 0.17 | 0.17 | — | 63 | Leveraged Equities | NVTX vs AAPU | |
| Direxion Daily GOOGL Bull 2X Shares | 0.23 | 0.23 | 0.23 | 94 | Leveraged Equities | NVTX vs GGLL | |
| Innovator Growth Accelerated Plus ETF - April | 0.40 | 0.40 | 0.40 | 98 | Leveraged Equities | NVTX vs QTAP | |
| GraniteShares 2x Long MU Daily ETF | 0.40 | 0.40 | 0.40 | 99 | Leveraged Equities | NVTX vs MULL |
See all 13 diversifiers for NVTX
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