Looking to diversify beyond FNGG? The ETFs below have historically moved differently from FNGG, 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 FNGG
682 ETFs have low correlation with FNGG (below 0.3), 163 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | — | — | 52 | Inverse Equities | FNGG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 61 | Inverse Equities, Leveraged Equities | FNGG vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.48 | -0.34 | — | 61 | Cryptocurrency | FNGG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FNGG vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 75 | Derivative Income | FNGG vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNGG, 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 IES Holdings, Inc. (IESC) (Industrials) with a 1Y correlation of 0.33, roughly unchanged from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IES Holdings, Inc. | 0.33 | 0.40 | 0.36 | 86 | Industrials | |
| ACM Research, Inc. | 0.40 | 0.45 | 0.53 | 87 | Technology | |
| Comfort Systems USA, Inc. | 0.41 | 0.49 | 0.47 | 95 | Industrials | |
| Broadcom Inc. | 0.62 | 0.67 | 0.64 | 67 | Technology | |
| NVIDIA Corporation | 0.64 | 0.71 | 0.76 | 56 | Technology |
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