Looking to diversify beyond NAUG? The ETFs below have historically moved differently from NAUG, 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 NAUG
245 ETFs have low correlation with NAUG (below 0.3), 43 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 | -0.49 | — | — | 61 | Cryptocurrency | NAUG vs BITI | |
| Alpha Architect Tail Risk ETF | -0.35 | — | — | 56 | Options Trading | NAUG vs CAOS | |
| Invesco DB Energy Fund | -0.22 | — | — | 72 | Oil & Gas | NAUG vs DBE | |
| United States Brent Oil Fund LP | -0.21 | — | — | 52 | Oil & Gas | NAUG vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | NAUG vs IBIC |
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