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
570 ETFs have low correlation with FNGU (below 0.3), 110 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.24, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.24 | -0.13 | -0.13 | 64 | Dividend, Large Cap Value Equities | FNGU vs HDV | |
| Invesco DB Energy Fund | -0.22 | — | — | 71 | Oil & Gas | FNGU vs DBE | |
| Strive U.S. Energy ETF | -0.22 | -0.04 | -0.04 | 55 | Energy Equities | FNGU vs DRLL | |
| State Street Energy Select Sector SPDR ETF | -0.21 | -0.03 | -0.03 | 63 | Energy Equities | FNGU vs XLE | |
| Direxion Daily Energy Bull 2X Shares | -0.21 | — | — | 61 | Leveraged Equities | FNGU vs ERX |
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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 -0.31, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.31 | -0.33 | -0.33 | 53 | Utilities | |
| Altria Group, Inc. | -0.28 | -0.28 | -0.28 | 69 | Consumer Defensive | |
| PepsiCo, Inc. | -0.27 | -0.24 | -0.24 | 56 | Consumer Defensive | |
| The Coca-Cola Company | -0.25 | -0.25 | -0.25 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.22 | -0.25 | -0.25 | 59 | Communication Services |
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