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
166 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 -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.30 | -0.30 | -0.30 | 98 | Inflation-Protected Bonds | NUG vs IBIC | |
| iShares iBonds Dec 2026 Term Corporate ETF | -0.16 | -0.16 | -0.16 | 99 | Corporate Bonds | NUG vs IBDR | |
| TCW AAA CLO ETF | -0.14 | -0.14 | -0.14 | 99 | CLO | NUG vs ACLO | |
| Global X 1-3 Month T-Bill ETF | -0.12 | -0.12 | -0.12 | 100 | Ultrashort Bond | NUG vs CLIP | |
| Invesco BulletShares 2026 Corporate Bond ETF | -0.12 | -0.12 | -0.12 | 99 | Corporate Bonds | NUG vs BSCQ |
See all 1096 diversifiers for NUG
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Diversification Analysis
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