Looking to balance out your exposure to NVZMY? The ETFs below have the lowest correlation with NVZMY — they tend to move on their own, which can help reduce risk when NVZMY drops. The stock ideas table highlights individual companies that behave independently from NVZMY.
No Diversifiers Found for NVZMY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVZMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVZMY and solid risk/return profiles. The least correlated is Biogaia AB ADR (BIOGY) (Healthcare) with a 1Y correlation of -0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Biogaia AB ADR | -0.03 | 0.02 | -0.01 | 79 | Healthcare | |
| ASML Holding N.V. | 0.08 | 0.18 | 0.27 | 94 | Technology | |
| Rio Tinto Group | 0.13 | 0.19 | 0.22 | 94 | Basic Materials | |
| VAT Group AG | 0.14 | 0.18 | 0.25 | 90 | Industrials | |
| Amazon.com, Inc | 0.16 | 0.17 | 0.24 | 60 | Consumer Cyclical |
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