Looking to diversify beyond FNGS? The ETFs below have the lowest correlation with FNGS — 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 FNGS.
Best Diversifiers for FNGS
630 ETFs have low correlation with FNGS (below 0.3), 117 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 60 | Inverse Equities | FNGS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 68 | Inverse Equities, Leveraged Equities | FNGS vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | -0.37 | 57 | Cryptocurrency | FNGS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FNGS vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | FNGS vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNGS and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.38, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.38 | -0.18 | -0.06 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.38 | -0.26 | -0.13 | 66 | Utilities | |
| Chubb Limited | -0.35 | -0.14 | 0.03 | 86 | Financial Services | |
| The Southern Company | -0.35 | -0.25 | -0.08 | 58 | Utilities | |
| Waste Management, Inc. | -0.34 | -0.10 | 0.05 | 53 | Industrials |
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