Looking to diversify beyond NRGU? The ETFs below have historically moved differently from NRGU, 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 NRGU
1623 ETFs have low correlation with NRGU (below 0.3), 1268 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.35 | — | — | 82 | Municipal Bonds | NRGU vs FLMI | |
| Dimensional California Municipal Bond ETF | -0.34 | — | — | 73 | Municipal Bonds | NRGU vs DFCA | |
| Fidelity Municipal Bond Opportunities ETF | -0.34 | — | — | 76 | Municipal Bonds | NRGU vs FMUB | |
| Vanguard Tax-Exempt Bond ETF | -0.34 | -0.20 | -0.20 | 74 | Municipal Bonds | NRGU vs VTEB | |
| Vanguard Short Duration Bond ETF Shares | -0.34 | — | — | 89 | Short-Term Bond | NRGU vs VSDB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NRGU, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.13 | — | — | 56 | Technology | |
| Micron Technology, Inc. | -0.09 | — | — | 99 | Technology | |
| Advanced Energy Industries, Inc. | -0.07 | — | — | 88 | Industrials | |
| Comfort Systems USA, Inc. | -0.07 | — | — | 95 | Industrials | |
| Sterling Infrastructure, Inc. | -0.06 | — | — | 84 | Industrials |
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