Looking to diversify beyond FIGG? The ETFs below have the lowest correlation with FIGG — 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 FIGG.
Best Diversifiers for FIGG
3 ETFs have low correlation with FIGG (below 0.3), 0 of which are negatively correlated. The least correlated is ETRACS 2x Leveraged US Size Factor TR ETN (IWML) (Leveraged Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ETRACS 2x Leveraged US Size Factor TR ETN | 0.12 | 0.12 | 0.12 | 67 | Leveraged Equities | FIGG vs IWML | |
| Direxion Daily AAPL Bull 2X Shares | 0.16 | 0.16 | — | 82 | Leveraged Equities | FIGG vs AAPU | |
| ProShares UltraPro S&P 500 | 0.23 | 0.23 | 0.23 | 51 | Leveraged Equities, S&P 500 | FIGG vs UPRO |
Diversification Analysis
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