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30 Stocks and 70 ETFs for diversifying Novonix (NVX)

The least correlated asset to Novonix (NVX) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with NVX

SymbolName
Market cap
SectorIndustry
Correlation
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.91
ASICAtegrity Specialty Holdings LLC$969MFinancial ServicesInsurance - Property & Casualty-0.80
PCLNPriceline.com Inc$906MN/AN/A-0.76
UCFICN Healthy Food Tech Group Corp$288MFinancial ServicesShell Companies-0.56
IROHIron Horse Acquisitions Corp$263MFinancial ServicesShell Companies-0.56
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.53
JBSJBS N.V. - Class A$14BConsumer DefensivePackaged Foods-0.51
GIWGigInternational1 Inc$137MFinancial ServicesShell Companies-0.51
CHARUCharlton Aria Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$21MFinancial ServicesShell Companies-0.50
LMNXLuminex Corp$620MN/AN/A-0.46
LPBBULaunch Two Acquisition Corp - Units (1 Ord Class A & 1/2 War)$247MFinancial ServicesShell Companies-0.45
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.44
HGHamilton Insurance Group Ltd - Class B$3.03BFinancial ServicesInsurance - Reinsurance-0.43
NETDNabors Energy Transition Corp II - Class A$73MFinancial ServicesShell Companies-0.43
IBACIB Acquisition Corp$46MFinancial ServicesShell Companies-0.40
MLTXMoonLake Immunotherapeutics - Class A$1.31BHealthcareBiotechnology-0.37
YAASYouxin Technology Ltd - Class A$8.49MTechnologySoftware - Application-0.35
AAM-UAA Mission Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$82MN/AN/A-0.35
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.34
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.34
SHLTSHL Telemedicine Ltd ADR$39MHealthcareHealth Information Services-0.34
NETDUNabors Energy Transition Corp II - Units (1 Ord Class A & 1/2 War)$73MFinancial ServicesShell Companies-0.34
AMRZAmrize Ltd$29BBasic MaterialsBuilding Materials-0.33
CUBWULionheart Holdings - Units (1 Ord Class A & 1 War)$250MFinancial ServicesShell Companies-0.33
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.32
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.32
INRInfinity Natural Resources Inc - Class A$239MEnergyOil & Gas E&p-0.32
BOACBluescape Opportunities Acquisition Corp - Class A$227MN/AN/A-0.32
DHCADHC Acquisition Corp - Class A$16MN/AN/A-0.32
WGRXWellgistics Health Inc$7.55MHealthcarePharmaceutical Retailers-0.31

ETFs that lowly correlated with NVX

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGWISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA$64M0.49%Apr 7, 2026-1.00
GLDWROUNDHILL GOLD WEEKLYPAY ETF $25MN/AOct 29, 2025-0.75
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.59
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.55
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.53
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.53
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.51
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.51
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.50
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.49
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.49
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.49
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.49
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.48
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.48
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.48
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.48
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.47
SBITProShares UltraShort Bitcoin ETF$183MN/AApr 1, 2024-0.47
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.47
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.47
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.47
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.47
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.46
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.46
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.46
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $17MN/ASep 4, 2024-0.45
CCSBCARBON COLLECTIVE SHORT DURATION GREEN BOND ETF $26M0.51%Apr 11, 2024-0.45
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.45
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.45
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.45
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.45
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.45
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.45
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.44
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.44
WNTRYieldMax Short MSTR Option Income Strategy ETF$72M1.00%Mar 26, 2025-0.44
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.43
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.43
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.43
BRKWROUNDHILL BRKB WEEKLYPAY ETF $16MN/AJun 17, 2025-0.42
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.41
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.41
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.40
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.40
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.40
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.40
PLTZDefiance Daily Target 2x Short PLTR ETF$29MN/AJun 5, 2025-0.39
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.39
BITIProShares Short Bitcoin ETF$187M1.01%Jun 21, 2022-0.39
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.39
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.39
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.38
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.38
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.37
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.36
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.36
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.36
SMSTDEFIANCE DAILY TARGET 2X SHORT MSTR ETF $31MN/AAug 20, 2024-0.35
BRKCYIELDMAX(R) BRK.B OPTION INCOME STRATEGY ETF $7.20M1.01%Jun 4, 2025-0.34
GLLProShares UltraShort Gold -2x Shares$115MN/ADec 1, 2008-0.33
MSTZT-REX 2X INVERSE MSTR DAILY TARGET ETF $110MN/ASep 17, 2024-0.33
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.33
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.33
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.32
USINWISDOMTREE 7-10 YEAR LADDERED TREASURY FUND $4.50M0.15%Mar 12, 2024-0.32
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.32
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.31
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $339M0.98%May 13, 2019-0.31
JUCYAPTUS ENHANCED YIELD ETF $234M0.60%Oct 31, 2022-0.31