Looking to diversify beyond NUAG? The ETFs below have the lowest correlation with NUAG — 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 NUAG.
Best Diversifiers for NUAG
452 ETFs have low correlation with NUAG (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.21 | -0.14 | 71 | Oil & Gas | NUAG vs DBE | |
| Invesco DB Oil Fund | -0.41 | -0.20 | -0.14 | 65 | Oil & Gas | NUAG vs DBO | |
| United States Brent Oil Fund LP | -0.41 | -0.21 | -0.15 | 65 | Oil & Gas | NUAG vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.16 | -0.10 | 71 | Commodities | NUAG vs GSG | |
| iShares Commodities Select Strategy ETF | -0.37 | -0.17 | -0.11 | 71 | Commodities | NUAG vs COMT |
See all 1146 diversifiers for NUAG
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