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
514 ETFs have low correlation with FNGU (below 0.3), 65 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.33 | — | — | 55 | Inverse Equities | FNGU vs NFXS | |
| iShares Core High Dividend ETF | -0.28 | — | — | 70 | Dividend, Large Cap Value Equities | FNGU vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.25 | -0.10 | -0.10 | 69 | Large Cap Value Equities, Dividend | FNGU vs FDL | |
| Tortoise North American Pipeline Fund | -0.22 | -0.01 | -0.01 | 60 | Energy Equities | FNGU vs TPYP | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | -0.20 | -0.10 | -0.10 | 57 | Volatility Hedged Equity | FNGU vs SIXH |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.34 | -0.34 | -0.34 | 62 | Utilities | |
| Altria Group, Inc. | -0.33 | -0.31 | -0.31 | 72 | Consumer Defensive | |
| The Southern Company | -0.32 | -0.34 | -0.34 | 55 | Utilities | |
| PepsiCo, Inc. | -0.30 | -0.24 | -0.24 | 61 | Consumer Defensive | |
| Chubb Limited | -0.29 | -0.24 | -0.24 | 69 | Financial Services |
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Build a portfolio that complements FNGU
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Analyze a portfolio with FNGU