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
494 ETFs have low correlation with FNGO (below 0.3), 61 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.31, up from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.31 | -0.46 | -0.46 | 55 | Inverse Equities | FNGO vs NFXS | |
| iShares Core High Dividend ETF | -0.28 | -0.05 | 0.17 | 70 | Dividend, Large Cap Value Equities | FNGO vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.22 | 0.01 | 0.19 | 69 | Large Cap Value Equities, Dividend | FNGO vs FDL | |
| Tortoise North American Pipeline Fund | -0.20 | 0.06 | 0.21 | 60 | Energy Equities | FNGO vs TPYP | |
| VanEck Energy Income ETF | -0.18 | 0.08 | 0.22 | 64 | Energy Equities | FNGO vs EINC |
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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 -0.33, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.33 | -0.23 | -0.12 | 62 | Utilities | |
| Altria Group, Inc. | -0.31 | -0.16 | -0.06 | 72 | Consumer Defensive | |
| The Southern Company | -0.31 | -0.23 | -0.08 | 55 | Utilities | |
| Chubb Limited | -0.28 | -0.13 | 0.02 | 69 | Financial Services | |
| The Coca-Cola Company | -0.28 | -0.16 | -0.00 | 74 | Consumer Defensive |
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Build a portfolio that complements FNGO
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