Looking to diversify beyond FNGG? The ETFs below have the lowest correlation with FNGG — 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 FNGG.
Best Diversifiers for FNGG
490 ETFs have low correlation with FNGG (below 0.3), 66 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.27, down from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.27 | -0.05 | — | 64 | Dividend, Large Cap Value Equities | FNGG vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.24 | 0.01 | — | 65 | Large Cap Value Equities, Dividend | FNGG vs FDL | |
| Tortoise North American Pipeline Fund | -0.23 | 0.05 | — | 55 | Energy Equities | FNGG vs TPYP | |
| Alerian Energy Infrastructure ETF | -0.20 | 0.09 | — | 50 | Energy Equities | FNGG vs ENFR | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | -0.20 | -0.02 | 0.11 | 56 | Volatility Hedged Equity | FNGG vs SIXH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNGG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNGG and solid risk/return profiles. The least correlated is The Boeing Company (BA) (Industrials) with a 1Y correlation of 0.32, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Boeing Company | 0.32 | 0.28 | 0.40 | 51 | Industrials | |
| IES Holdings, Inc. | 0.35 | 0.40 | 0.37 | 93 | Industrials | |
| ACM Research, Inc. | 0.38 | 0.45 | 0.53 | 95 | Technology | |
| Comfort Systems USA, Inc. | 0.45 | 0.49 | 0.48 | 99 | Industrials | |
| Amazon.com, Inc | 0.64 | 0.72 | — | 52 | Consumer Cyclical |
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Build a portfolio that complements FNGG
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Analyze a portfolio with FNGG