Looking to balance out your exposure to NFG? The ETFs below have the lowest correlation with NFG — they tend to move on their own, which can help reduce risk when NFG drops. The stock ideas table highlights individual companies that behave independently from NFG.
Best Diversifiers for NFG
14 ETFs have low correlation with NFG (below 0.3), 9 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.20, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.20 | 0.01 | 0.17 | 59 | Nasdaq-100 | NFG vs QQQ | |
| Global X Nasdaq 100 Covered Call & Growth ETF | -0.20 | 0.02 | 0.17 | 72 | Nasdaq-100, Derivative Income | NFG vs QYLG | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.18 | 0.03 | — | 64 | Nasdaq-100, Derivative Income | NFG vs JEPQ | |
| Global X NASDAQ 100 Covered Call ETF | -0.16 | 0.04 | 0.20 | 85 | Nasdaq-100, Derivative Income | NFG vs QYLD | |
| State Street SPDR S&P 500 ETF | -0.12 | 0.15 | 0.32 | 60 | S&P 500 | NFG vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NFG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NFG and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.26 | -0.06 | 0.08 | 52 | Consumer Cyclical | |
| Broadcom Inc. | -0.17 | -0.04 | 0.11 | 71 | Technology | |
| Banco Bilbao Vizcaya Argentaria, S.A. | -0.10 | 0.11 | 0.23 | 85 | Financial Services | |
| Polaris Industries Inc. | -0.10 | 0.15 | 0.24 | 81 | Consumer Cyclical | |
| Alphabet Inc. Class A | -0.10 | -0.00 | 0.12 | 96 | Communication Services |
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