Looking to diversify beyond FNGO? The ETFs below have historically moved differently from FNGO, 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 FNGO
658 ETFs have low correlation with FNGO (below 0.3), 155 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.50, down from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.50 | -0.35 | — | 51 | Cryptocurrency | FNGO vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 69 | Derivative Income | FNGO vs WNTR | |
| iShares Core High Dividend ETF | -0.31 | -0.08 | 0.15 | 91 | Dividend, Large Cap Value Equities | FNGO vs HDV | |
| Tortoise North American Pipeline Fund | -0.27 | 0.03 | 0.19 | 75 | Energy Equities | FNGO vs TPYP | |
| YieldMax XOM Option Income Strategy ETF | -0.26 | -0.11 | -0.11 | 52 | Derivative Income, Dividend | FNGO vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNGO, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.40, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.40 | -0.26 | -0.13 | 52 | Utilities | |
| Chubb Limited | -0.36 | -0.16 | 0.02 | 87 | Financial Services | |
| Altria Group, Inc. | -0.35 | -0.18 | -0.08 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.33 | -0.19 | -0.01 | 87 | Consumer Defensive | |
| Johnson & Johnson | -0.32 | -0.25 | -0.08 | 96 | Healthcare |
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