Looking to balance out your exposure to NOG? The ETFs below have the lowest correlation with NOG — they tend to move on their own, which can help reduce risk when NOG drops. The stock ideas table highlights individual companies that behave independently from NOG.
Best Diversifiers for NOG
3 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 -0.04, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF | -0.04 | 0.18 | 0.31 | 66 | Large Cap Blend Equities | NOG vs VTI | |
| Nomura Focused Emerging Markets Equity ETF | -0.01 | — | — | 92 | Emerging Markets Diversified | NOG vs EMEQ | |
| Franklin FTSE South Korea ETF | 0.01 | 0.09 | 0.19 | 89 | South Korea Equities, Asia Pacific Equities | NOG vs FLKR | |
| Harbor Commodity All-Weather Strategy ETF | 0.40 | 0.43 | — | 71 | Commodities | NOG vs HGER | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.48 | 0.48 | 0.50 | 74 | Commodities | NOG vs FTGC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NOG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NOG and solid risk/return profiles. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of -0.11, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.11 | 0.07 | 0.22 | 78 | Industrials | |
| Tesla, Inc. | -0.10 | 0.09 | 0.17 | 63 | Consumer Cyclical | |
| SPX Corporation | -0.08 | 0.15 | 0.23 | 66 | Industrials | |
| Ituran Location and Control Ltd. | -0.05 | 0.13 | 0.18 | 83 | Technology | |
| Eaton Corporation plc | -0.05 | 0.12 | 0.19 | 57 | Industrials |
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Build a portfolio that complements NOG
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Analyze a portfolio with NOG