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
4 ETFs have low correlation with FIGG (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily AAPL Bull 2X Shares (AAPU) (Leveraged Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily AAPL Bull 2X Shares | 0.13 | 0.13 | 0.13 | 61 | Leveraged Equities | FIGG vs AAPU | |
| Direxion Daily South Korea Bull 3X Shares | 0.14 | 0.14 | 0.14 | 94 | Leveraged Equities | FIGG vs KORU | |
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.26 | 0.26 | 0.26 | 85 | Leveraged Equities, S&P 500 | FIGG vs HIBL | |
| ProShares UltraPro QQQ | 0.28 | 0.28 | 0.28 | 51 | Leveraged Equities | FIGG vs TQQQ |
Diversification Analysis
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