Looking to diversify beyond FNGU? The ETFs below have the lowest correlation with FNGU — 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 FNGU.
Best Diversifiers for FNGU
614 ETFs have low correlation with FNGU (below 0.3), 114 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 | -0.48 | — | — | 56 | Inverse Equities | FNGU vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 65 | Inverse Equities, Leveraged Equities | FNGU vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.47 | — | 53 | Cryptocurrency | FNGU vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | FNGU vs WNTR | |
| iShares Core High Dividend ETF | -0.31 | -0.17 | -0.17 | 74 | Dividend, Large Cap Value Equities | FNGU vs HDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNGU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNGU and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.39, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.39 | -0.36 | -0.36 | 78 | Consumer Defensive | |
| Duke Energy Corporation | -0.37 | -0.35 | -0.35 | 65 | Utilities | |
| The Southern Company | -0.35 | -0.35 | -0.35 | 58 | Utilities | |
| Chubb Limited | -0.35 | -0.26 | -0.26 | 83 | Financial Services | |
| The Coca-Cola Company | -0.32 | -0.28 | -0.28 | 82 | Consumer Defensive |
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Build a portfolio that complements FNGU
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Analyze a portfolio with FNGU