34 Stocks and 66 ETFs for diversifying Novonix (NVX)
The least correlated asset to Novonix (NVX) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.
Stocks that lowly correlated with NVX
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| ASIC | Ategrity Specialty Holdings LLC | $1.08B | Financial Services | Insurance - Property & Casualty | -0.76 |
| PCLN | Priceline.com Inc | $906M | N/A | N/A | -0.76 |
| DLXY | Delixy Holdings Ltd | $7.64M | Energy | Oil & Gas Refining & Marketing | -0.75 |
| SOL | Emeren Group Ltd American Depositary Shares, each representing 10 shares | $100M | Technology | Solar | -0.66 |
| SI | Shoulder Innovations Inc | $452M | N/A | N/A | -0.57 |
| LSBK | Lake Shore Bancorp Inc | $134M | Financial Services | Banks - Regional | -0.56 |
| UCFI | CN Healthy Food Tech Group Corp | $288M | Consumer Defensive | Packaged Foods | -0.55 |
| IROH | Iron Horse Acquisitions Corp | $263M | Financial Services | Shell Companies | -0.55 |
| OYSE | Oyster Enterprises II Acquisition Corp | $268M | Financial Services | Shell Companies | -0.53 |
| CURX | Curanex Pharmaceuticals Inc | $6.11M | Healthcare | Biotechnology | -0.53 |
| AVBC | Avidia Bancorp Inc | $407M | Financial Services | Banks - Regional | -0.52 |
| GIW | GigInternational1 Inc | $138M | Financial Services | Shell Companies | -0.51 |
| LMNX | Luminex Corp | $620M | N/A | N/A | -0.51 |
| DTSQ | DT Cloud Star Acquisition Corp | $70M | Financial Services | Shell Companies | -0.50 |
| LPBBU | Launch Two Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $250M | Financial Services | Shell Companies | -0.48 |
| BOW | Bowhead Specialty Holdings Inc | $982M | Financial Services | Insurance - Property & Casualty | -0.47 |
| PLBL | Polibeli Group Ltd | $2.84B | Consumer Cyclical | Department Stores | -0.46 |
| HG | Hamilton Insurance Group Ltd - Class B | $3.35B | Financial Services | Insurance - Reinsurance | -0.44 |
| DKI | Darkiris Inc - Class A | $6.20M | Communication Services | Electronic Gaming & Multimedia | -0.44 |
| MH | McGraw Hill Inc | $1.95B | Consumer Defensive | Education & Training Services | -0.43 |
| NETD | Nabors Energy Transition Corp II - Class A | $73M | Financial Services | Shell Companies | -0.43 |
| CHARU | Charlton Aria Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $20M | Financial Services | Shell Companies | -0.42 |
| JBS | JBS N.V. - Class A | $13B | Consumer Defensive | Packaged Foods | -0.39 |
| FIGX | FIGX Capital Acquisition Corp - Class A | $159M | Financial Services | Shell Companies | -0.38 |
| TVAI | Thayer Ventures Acquisition Corporation II | $208M | Financial Services | Shell Companies | -0.37 |
| PXDT | Pixie Dust Technologies Inc | $8.62M | Technology | Consumer Electronics | -0.37 |
| MLTX | MoonLake Immunotherapeutics - Class A | $1.42B | Healthcare | Biotechnology | -0.36 |
| YAAS | Youxin Technology Ltd - Class A | $8.49M | Technology | Software - Application | -0.36 |
| SHLT | SHL Telemedicine Ltd ADR | $39M | Healthcare | Health Information Services | -0.36 |
| FVNNR | Future Vision II Acquisition Corporation Right | $341K | N/A | N/A | -0.36 |
| MAMK | MaxsMaking Inc - Class A | $195M | Industrials | Conglomerates | -0.35 |
| CON | Concentra Group Holdings Parent Inc | $3.91B | Healthcare | Medical Care Facilities | -0.35 |
| AAM-U | AA Mission Acquisition Corp - Units (1 Ord Share Class A & 1/2 War) | $82M | N/A | N/A | -0.35 |
| ETOR | Etoro Group Ltd - Class A | $3.63B | Financial Services | Capital Markets | -0.34 |