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
559 ETFs have low correlation with FNGO (below 0.3), 107 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Large Cap Value Equities) with a 1Y correlation of -0.22, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.22 | -0.04 | 0.18 | 64 | Large Cap Value Equities, Dividend | FNGO vs HDV | |
| Invesco DB Energy Fund | -0.22 | -0.03 | 0.06 | 71 | Oil & Gas | FNGO vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.21 | -0.02 | -0.02 | 56 | Derivative Income | FNGO vs USOY | |
| Strive U.S. Energy ETF | -0.21 | -0.03 | 0.08 | 55 | Energy Equities | FNGO vs DRLL | |
| United States Brent Oil Fund LP | -0.21 | -0.02 | 0.05 | 65 | Oil & Gas | FNGO vs BNO |
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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 -0.31, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.31 | -0.23 | -0.11 | 53 | Utilities | |
| Altria Group, Inc. | -0.27 | -0.14 | -0.05 | 69 | Consumer Defensive | |
| PepsiCo, Inc. | -0.24 | -0.13 | -0.00 | 56 | Consumer Defensive | |
| The Coca-Cola Company | -0.23 | -0.14 | 0.01 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.23 | -0.11 | 0.02 | 85 | Energy |
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