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
518 ETFs have low correlation with FNGS (below 0.3), 60 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.29, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.29 | -0.05 | 0.17 | 64 | Dividend, Large Cap Value Equities | FNGS vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.24 | 0.02 | 0.19 | 65 | Large Cap Value Equities, Dividend | FNGS vs FDL | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | -0.20 | -0.02 | 0.13 | 56 | Volatility Hedged Equity | FNGS vs SIXH | |
| Brookstone Ultra-Short Bond ETF | -0.19 | — | — | 98 | Ultrashort Bond | FNGS vs BAMU | |
| Tortoise North American Pipeline Fund | -0.18 | 0.07 | 0.21 | 55 | Energy Equities | FNGS vs TPYP |
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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 -0.32, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.32 | -0.15 | -0.05 | 70 | Consumer Defensive | |
| PepsiCo, Inc. | -0.31 | -0.14 | -0.01 | 59 | Consumer Defensive | |
| Duke Energy Corporation | -0.31 | -0.22 | -0.12 | 62 | Utilities | |
| The Coca-Cola Company | -0.31 | -0.16 | -0.01 | 74 | Consumer Defensive | |
| Chubb Limited | -0.30 | -0.13 | 0.02 | 68 | Financial Services |
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Build a portfolio that complements FNGS
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