Looking to balance out your exposure to NGG? The ETFs below have the lowest correlation with NGG — they tend to move on their own, which can help reduce risk when NGG drops. The stock ideas table highlights individual companies that behave independently from NGG.
Best Diversifiers for NGG
10 ETFs have low correlation with NGG (below 0.3), 4 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.14, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.14 | -0.07 | 0.01 | 54 | Commodities | NGG vs GSG | |
| State Street Technology Select Sector SPDR ETF | -0.06 | 0.01 | 0.12 | 54 | Technology Equities | NGG vs XLK | |
| Invesco QQQ ETF | -0.03 | 0.04 | 0.15 | 53 | Nasdaq-100 | NGG vs QQQ | |
| iShares iBonds Dec 2025 Term Treasury ETF | -0.02 | 0.15 | 0.17 | 99 | Government Bonds | NGG vs IBTF | |
| VanEck Semiconductor ETF | 0.04 | 0.02 | 0.10 | 90 | Semiconductors, Technology Equities | NGG vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NGG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NGG and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.08 | -0.02 | 0.08 | 56 | Consumer Cyclical | |
| NVIDIA Corporation | -0.08 | -0.04 | 0.05 | 63 | Technology | |
| Cisco Systems, Inc. | -0.06 | 0.05 | 0.15 | 91 | Technology | |
| Tesla, Inc. | -0.06 | 0.01 | 0.06 | 59 | Consumer Cyclical | |
| Amphenol Corporation | -0.02 | 0.05 | 0.14 | 77 | Technology |
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