Looking to diversify beyond NRGU? The ETFs below have the lowest correlation with NRGU — 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 NRGU.
Best Diversifiers for NRGU
1528 ETFs have low correlation with NRGU (below 0.3), 1165 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.34 | — | — | 50 | Global Bonds | NRGU vs AVGB | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.30 | — | — | 64 | Municipal Bonds | NRGU vs BSMW | |
| Vanguard Short Duration Bond ETF Shares | -0.28 | — | — | 83 | Short-Term Bond | NRGU vs VSDB | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.28 | -0.20 | -0.20 | 50 | Nontraditional Bonds | NRGU vs UCON | |
| iShares Short Duration Bond Active ETF | -0.28 | — | — | 84 | Short-Term Bond | NRGU vs NEAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NRGU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRGU and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.13, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.13 | 0.01 | 0.01 | 76 | Technology | |
| Micron Technology, Inc. | -0.08 | 0.05 | 0.05 | 99 | Technology | |
| Comfort Systems USA, Inc. | -0.08 | 0.03 | 0.03 | 99 | Industrials | |
| Advanced Energy Industries, Inc. | -0.06 | 0.07 | 0.07 | 96 | Industrials | |
| Sterling Infrastructure, Inc. | -0.06 | — | — | 97 | Industrials |
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