Looking to balance out your exposure to FNGR? The ETFs below have the lowest correlation with FNGR — they tend to move on their own, which can help reduce risk when FNGR drops. The stock ideas table highlights individual companies that behave independently from FNGR.
Best Diversifiers for FNGR
2 ETFs have low correlation with FNGR (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Active High Yield Bond ETF (PHYL) (High Yield Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Active High Yield Bond ETF | 0.05 | 0.13 | 0.10 | 71 | High Yield Bonds | FNGR vs PHYL | |
| Vanguard Information Technology ETF | 0.26 | 0.20 | 0.16 | 76 | Technology Equities | FNGR vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNGR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNGR and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.18, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.18 | 0.12 | 0.11 | 80 | Technology |
Build a portfolio that complements FNGR
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