Skip to main content

Want a detailed portfolio tracker?

45 Stocks and 55 ETFs for diversifying Novo Nordisk (NVO)

The least correlated asset to Novo Nordisk (NVO) is ETF SLTY (YIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF). The correlation is -0.6584.

Stocks that lowly correlated with NVO

SymbolName
Market cap
SectorIndustry
Correlation
FRBNForbion European Acquisition Corp - Class A$343MFinancial ServicesShell Companies-0.53
STBXStarbox Group Holdings Ltd$1.14MCommunication ServicesInternet Content & Information-0.51
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.49
SLGCSomaLogic Inc - Class A$393MHealthcareHealth Information Services-0.45
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.45
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.45
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.43
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.40
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.40
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.39
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.39
MENSJyong Biotech Ltd$174MHealthcareBiotechnology-0.38
NCINeo Concept International Group Holdings Ltd$48MConsumer CyclicalApparel Manufacturing-0.38
GSHRGesher Acquisition Corp II - Class A$157MFinancial ServicesShell Companies-0.38
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.36
NETDNabors Energy Transition Corp II - Class A$73MFinancial ServicesShell Companies-0.36
KGKING PHARMACEUTICALS INC$77MFinancial ServicesInsurance - Reinsurance-0.36
AMPXAmprius Technologies Inc$1.58BIndustrialsElectrical Equipment & Parts-0.36
GDSTGoldenstone Acquisition Ltd$23MFinancial ServicesShell Companies-0.35
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.34
PVLAPalvella Therapeutics Inc$2.18BHealthcareBiotechnology-0.34
GIGGigCapital7 Corp - Class A$353MFinancial ServicesShell Companies-0.33
NAMIJinxin Technology Holding Company$7.41MCommunication ServicesInternet Content & Information-0.33
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.32
MPUMega Matrix Inc - Class A$13MCommunication ServicesEntertainment-0.32
ANSCUAgriculture & Natural Solutions Acquisition Corp - Units (1 Ord Class A & 1/2 War)$88MFinancial ServicesShell Companies-0.31
AGHAureus Greenway Holdings Inc$87MConsumer CyclicalLeisure-0.31
BDMDBaird Medical Investment Holdings Ltd .$34MHealthcareMedical Devices-0.31
SDHIRSiddhi Acquisition Corp$1.13MN/AN/A-0.31
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.30
GRDNGuardian Pharmacy Services Inc$2.54BHealthcareMedical Care Facilities-0.30
SVIIUSpring Valley Acquisition Corp II - Units (1 Ord Class A 1 Right & 1/2 War)$29MFinancial ServicesShell Companies-0.30
TOIOncology Institute Inc (The)$566MHealthcareMedical Care Facilities-0.29
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.29
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.29
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.29
FGLFounder Group Ltd$2.30MIndustrialsEngineering & Construction-0.29
GLXGGalaxy Payroll Group Ltd$3.87MIndustrialsStaffing & Employment Services-0.29
HTCOCaravelle International Group$20MIndustrialsMarine Shipping-0.28
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.28
STAIScanTech AI Systems Inc. Common stock$325KIndustrialsBuilding Products & Equipment-0.28
SAGTSagtec Global Ltd$18MTechnologySoftware - Application-0.28
NXUEnergy Vault Holdings Inc - Class A$4.48MIndustrialsElectrical Equipment & Parts-0.27
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.27
SUPXSuper X AI Technology Ltd$228MTechnologySoftware - Infrastructure-0.27

ETFs that lowly correlated with NVO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.66
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.61
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.60
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.53
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.47
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.46
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.44
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.44
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.44
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.44
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.44
GLDNNICHOLAS GOLD INCOME ETF $2.50M1.07%Feb 17, 2026-0.44
RIFRRUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF $43M0.59%May 13, 2025-0.43
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.42
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.42
TIPDNORTHERN TRUST 2055 INFLATION-LINKED DISTRIBUTING LADDER ETF $2M0.10%Aug 18, 2025-0.42
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.39
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.39
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.38
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.38
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.37
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.36
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.36
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.36
BILTiShares Infrastructure Active ETF$32M0.60%Jul 29, 2025-0.36
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.35
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.35
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.35
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.35
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.35
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.34
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.34
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.34
IBTQISHARES IBONDS DEC 2035 TERM TREASURY ETF $236M0.07%Mar 25, 2025-0.34
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.34
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.33
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.32
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.32
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.31
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.31
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.30
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.30
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.30
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.29
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.29
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.29
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.29
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.29
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.28
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.28
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.28
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.28
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.28
PCIPGIM Corporate Bond 5-10 Year ETF$534M0.25%Jul 29, 2025-0.28
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.27