Looking to balance out your exposure to FNGR? The ETFs below have historically moved differently from FNGR, 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 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 0.07, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Active High Yield Bond ETF | 0.07 | 0.16 | 0.11 | 58 | High Yield Bonds | FNGR vs PHYL | |
| Vanguard Information Technology ETF | 0.19 | 0.21 | 0.16 | 57 | Technology Equities | FNGR vs VGT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNGR, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.14, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.14 | 0.12 | 0.11 | 63 | Technology |
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