Looking to diversify beyond NUG? The ETFs below have the lowest correlation with NUG — 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 NUG.
Best Diversifiers for NUG
203 ETFs have low correlation with NUG (below 0.3), 18 of which are negatively correlated. The least correlated is iShares iBonds Oct 2026 Term TIPS ETF (IBIC) (Inflation-Protected Bonds) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.33 | -0.33 | -0.33 | 98 | Inflation-Protected Bonds | NUG vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.29 | -0.29 | -0.29 | 96 | Inflation-Protected Bonds | NUG vs IBID | |
| Alerian Energy Infrastructure ETF | -0.16 | -0.16 | -0.16 | 73 | Energy Equities | NUG vs ENFR | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.14 | -0.14 | -0.14 | 53 | Commodities | NUG vs DJP | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.14 | -0.14 | -0.14 | 52 | Commodities | NUG vs CMDY |
See all 1074 diversifiers for NUG
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Diversification Analysis
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