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 ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) (Leveraged Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.16 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 | 0.16 | 0.16 | 0.16 | 71 | Leveraged Equities, Dividend | NVTX vs SCDL | |
| GraniteShares 2x Long TSM Daily ETF | 0.35 | 0.35 | 0.35 | 84 | Leveraged Equities | NVTX vs TSMU | |
| Direxion Daily S&P Biotech Bull 3x Shares | 0.39 | 0.39 | 0.39 | 91 | Leveraged Equities | NVTX vs LABU | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.40 | 0.40 | 0.40 | 72 | Leveraged Equities | NVTX vs XTJL | |
| GraniteShares 2x Long MRVL Daily ETF | 0.43 | 0.43 | 0.43 | 93 | Leveraged Equities | NVTX vs MVLL |
See all 19 diversifiers for NVTX
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