Looking to diversify beyond FNGU? The ETFs below have historically moved differently from FNGU, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FNGU
674 ETFs have low correlation with FNGU (below 0.3), 163 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | — | — | 51 | Cryptocurrency | FNGU vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 69 | Derivative Income | FNGU vs WNTR | |
| iShares Core High Dividend ETF | -0.33 | -0.20 | -0.20 | 91 | Dividend, Large Cap Value Equities | FNGU vs HDV | |
| Tortoise North American Pipeline Fund | -0.28 | — | — | 75 | Energy Equities | FNGU vs TPYP | |
| YieldMax XOM Option Income Strategy ETF | -0.28 | — | — | 52 | Derivative Income, Dividend | FNGU vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNGU, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.40, roughly unchanged from -0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.40 | -0.36 | -0.36 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.40 | -0.36 | -0.36 | 52 | Utilities | |
| Chubb Limited | -0.38 | -0.28 | -0.28 | 87 | Financial Services | |
| The Coca-Cola Company | -0.34 | -0.29 | -0.29 | 87 | Consumer Defensive | |
| Johnson & Johnson | -0.33 | -0.31 | -0.31 | 96 | Healthcare |
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