Looking to diversify beyond FNGO? The ETFs below have the lowest correlation with FNGO — 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 FNGO.
Best Diversifiers for FNGO
590 ETFs have low correlation with FNGO (below 0.3), 112 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 68 | Inverse Equities, Leveraged Equities | FNGO vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | — | — | 60 | Inverse Equities | FNGO vs SMST | |
| ProShares Short Bitcoin ETF | -0.45 | -0.34 | -0.37 | 57 | Cryptocurrency | FNGO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FNGO vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | FNGO vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNGO and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.36, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.36 | -0.25 | -0.12 | 66 | Utilities | |
| The Southern Company | -0.34 | -0.24 | -0.09 | 58 | Utilities | |
| Altria Group, Inc. | -0.34 | -0.17 | -0.06 | 81 | Consumer Defensive | |
| Waste Management, Inc. | -0.32 | -0.10 | 0.04 | 53 | Industrials | |
| The Coca-Cola Company | -0.31 | -0.19 | -0.01 | 83 | Consumer Defensive |
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Build a portfolio that complements FNGO
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