Looking to diversify beyond FNGD? The ETFs below have historically moved differently from FNGD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FNGD
2235 ETFs have low correlation with FNGD (below 0.3), 2070 of which are negatively correlated. The least correlated is Bridges Capital Tactical ETF (BDGS) (Tactical Allocation) with a 1Y correlation of -0.88, down from -0.77 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bridges Capital Tactical ETF | -0.88 | -0.77 | — | 64 | Tactical Allocation | FNGD vs BDGS | |
| iShares Expanded Tech Sector ETF | -0.87 | -0.91 | -0.91 | 54 | Technology Equities | FNGD vs IGM | |
| iShares U.S. Technology ETF | -0.87 | -0.90 | -0.91 | 51 | Technology Equities | FNGD vs IYW | |
| iShares S&P 100 ETF | -0.87 | -0.88 | -0.87 | 55 | Large Cap Blend Equities | FNGD vs OEF | |
| Invesco ESG NASDAQ 100 ETF | -0.86 | -0.90 | -0.91 | 51 | Nasdaq-100 | FNGD vs QQMG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNGD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.36, up from -0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.36 | -0.48 | -0.61 | 89 | Technology |
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