Looking to diversify beyond FGRU? The ETFs below have the lowest correlation with FGRU — 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 FGRU.
Best Diversifiers for FGRU
2 ETFs have low correlation with FGRU (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long AMD Daily ETF (AMDG) (Leveraged Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long AMD Daily ETF | 0.17 | 0.17 | 0.17 | 96 | Leveraged Equities | FGRU vs AMDG | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.25 | 0.25 | 0.25 | 95 | Leveraged Equities, Semiconductors | FGRU vs SOXL | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.38 | 0.38 | 0.38 | 56 | Leveraged Equities, S&P 500 | FGRU vs SPUU |
Diversification Analysis
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