Looking to diversify beyond FNGD? The ETFs below have the lowest correlation with FNGD — 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 FNGD.
Best Diversifiers for FNGD
2040 ETFs have low correlation with FNGD (below 0.3), 1927 of which are negatively correlated. The least correlated is Fidelity Nasdaq Composite Index ETF (ONEQ) (Large Cap Growth Equities) with a 1Y correlation of -0.88, roughly unchanged from -0.92 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Nasdaq Composite Index ETF | -0.88 | -0.91 | -0.92 | 55 | Large Cap Growth Equities | FNGD vs ONEQ | |
| Bridges Capital Tactical ETF | -0.87 | -0.76 | — | 76 | Large Cap Blend Equities | FNGD vs BDGS | |
| iShares Expanded Tech Sector ETF | -0.87 | -0.91 | -0.91 | 62 | Technology Equities | FNGD vs IGM | |
| iShares U.S. Technology ETF | -0.87 | -0.91 | -0.90 | 60 | Technology Equities | FNGD vs IYW | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.86 | — | — | 57 | Technology Equities | FNGD vs FAI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNGD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNGD and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.39, up from -0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.39 | -0.50 | -0.62 | 91 | Technology |
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