Looking to balance out your exposure to NOG? The ETFs below have historically moved differently from NOG, 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 NOG
5 ETFs have low correlation with NOG (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Total Stock Market ETF (VTI) (Large Cap Blend Equities) with a 1Y correlation of -0.06, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF | -0.06 | 0.17 | 0.30 | 67 | Large Cap Blend Equities | NOG vs VTI | |
| Nomura Focused Emerging Markets Equity ETF | -0.01 | — | — | 91 | Emerging Markets Equities | NOG vs EMEQ | |
| iShares MSCI Brazil ETF | 0.00 | 0.16 | 0.24 | 68 | Latin America Equities | NOG vs EWZ | |
| Franklin FTSE South Korea ETF | 0.01 | 0.08 | 0.19 | 85 | South Korea Equities, Asia Pacific Equities | NOG vs FLKR | |
| Teucrium Soybean Fund | 0.09 | 0.14 | 0.19 | 58 | Agricultural Commodities | NOG vs SOYB |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NOG, 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 General Electric Company (GE) (Industrials) with a 1Y correlation of -0.13, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.13 | 0.05 | 0.20 | 74 | Industrials | |
| SPX Technologies, Inc. | -0.13 | 0.13 | 0.22 | 62 | Industrials | |
| Ituran Location and Control Ltd. | -0.08 | 0.13 | 0.18 | 81 | Technology | |
| Eaton Corporation plc | -0.04 | 0.13 | 0.20 | 53 | Industrials | |
| Dutch Bros Inc. | -0.02 | 0.09 | — | 52 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NOG
Add NOG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NOG