Looking to diversify beyond NRGD? The ETFs below have the lowest correlation with NRGD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NRGD.
Best Diversifiers for NRGD
1524 ETFs have low correlation with NRGD (below 0.3), 360 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Energy Index ETF | -0.94 | — | — | 51 | Energy Equities | NRGD vs FENY | |
| Vanguard Energy ETF | -0.94 | — | — | 51 | Energy Equities | NRGD vs VDE | |
| iShares U.S. Energy ETF | -0.93 | -0.94 | -0.94 | 51 | Energy Equities | NRGD vs IYE | |
| State Street Energy Select Sector SPDR ETF | -0.93 | — | — | 50 | Energy Equities | NRGD vs XLE | |
| Invesco S&P 500 Equal Weight Energy ETF | -0.92 | — | — | 57 | Energy Equities, S&P 500, Equal Weight | NRGD vs RSPG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NRGD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRGD and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mueller Industries, Inc. | 0.06 | — | — | 73 | Industrials |
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