Looking to diversify beyond NUG? The ETFs below have historically moved differently from NUG, 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 NUG
240 ETFs have low correlation with NUG (below 0.3), 32 of which are negatively correlated. The least correlated is iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.29 | -0.29 | -0.29 | 58 | Commodities | NUG vs COMT | |
| MicroSectors Energy 3X Leveraged ETN | -0.29 | -0.29 | -0.29 | 55 | Leveraged Equities | NUG vs WTIU | |
| DoubleLine Commodity Strategy ETF | -0.28 | -0.28 | -0.28 | 63 | Commodities | NUG vs DCMT | |
| Alpha Architect Tail Risk ETF | -0.28 | -0.28 | -0.28 | 56 | Options Trading | NUG vs CAOS | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.27 | -0.27 | -0.27 | 67 | Energy Equities | NUG vs IEO |
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