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
784 ETFs have low correlation with NVYY (below 0.3), 190 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 70 | Derivative Income | NVYY vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | -0.33 | -0.33 | 68 | Inverse Equities, Leveraged Equities | NVYY vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | NVYY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.26 | -0.27 | -0.27 | 57 | Cryptocurrency | NVYY vs BITI | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.24 | — | — | 53 | Dividend | NVYY vs LVHD |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Astera Labs, Inc. | 0.33 | — | — | 92 | Technology | |
| Broadcom Inc. | 0.46 | — | — | 71 | Technology | |
| NVIDIA Corporation | 0.88 | — | — | 65 | Technology |
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