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
612 ETFs have low correlation with FNGG (below 0.3), 117 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | — | — | 60 | Inverse Equities | FNGG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 68 | Inverse Equities, Leveraged Equities | FNGG vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.44 | -0.33 | -0.36 | 57 | Cryptocurrency | FNGG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FNGG vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 70 | Derivative Income | FNGG vs WNTR |
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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 IES Holdings, Inc. (IESC) (Industrials) with a 1Y correlation of 0.31, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IES Holdings, Inc. | 0.31 | 0.39 | 0.36 | 86 | Industrials | |
| ACM Research, Inc. | 0.38 | 0.45 | 0.52 | 93 | Technology | |
| Comfort Systems USA, Inc. | 0.41 | 0.49 | 0.47 | 98 | Industrials | |
| NVIDIA Corporation | 0.64 | 0.72 | — | 65 | Technology | |
| Amazon.com, Inc | 0.65 | 0.72 | — | 54 | Consumer Cyclical |
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