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
1 ETFs have low correlation with NVTX (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily AAPL Bull 2X Shares (AAPU) (Leveraged Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily AAPL Bull 2X Shares | 0.17 | 0.17 | — | 82 | Leveraged Equities | NVTX vs AAPU | |
| MicroSectors U.S. Big Banks Index 3X Leveraged ETN... | 0.31 | — | — | 59 | Leveraged Equities | NVTX vs BNKU | |
| ProShares Ultra SmallCap600 | 0.40 | 0.40 | 0.40 | 73 | Leveraged Equities | NVTX vs SAA | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.46 | 0.46 | 0.46 | 84 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | NVTX vs KORU | |
| Leverage Shares 2X Long ASML Daily ETF | 0.46 | 0.46 | 0.46 | 92 | Leveraged Equities | NVTX vs ASMG |
See all 6 diversifiers for NVTX
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