Looking to diversify beyond NVYY? The ETFs below have the lowest correlation with NVYY — 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 NVYY.
Best Diversifiers for NVYY
686 ETFs have low correlation with NVYY (below 0.3), 120 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | NVYY vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.21 | — | — | 95 | Inflation-Protected Bonds | NVYY vs IBID | |
| Brookstone Ultra-Short Bond ETF | -0.19 | — | — | 98 | Ultrashort Bond | NVYY vs BAMU | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.19 | — | — | 69 | Large Cap Value Equities, Dividend | NVYY vs FDL | |
| iShares Core High Dividend ETF | -0.19 | — | — | 70 | Dividend, Large Cap Value Equities | NVYY vs HDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVYY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVYY and solid risk/return profiles. The least correlated is Astera Labs, Inc. (ALAB) (Technology) with a 1Y correlation of 0.32, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Astera Labs, Inc. | 0.32 | 0.33 | 0.33 | 93 | Technology | |
| Broadcom Inc. | 0.46 | — | — | 72 | Technology | |
| NVIDIA Corporation | 0.88 | — | — | 72 | Technology |
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