Looking to diversify beyond NUGO? The ETFs below have the lowest correlation with NUGO — 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 NUGO.
Best Diversifiers for NUGO
239 ETFs have low correlation with NUGO (below 0.3), 54 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.06 | — | 71 | Oil & Gas | NUGO vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.28 | — | — | 98 | Inflation-Protected Bonds | NUGO vs IBIC | |
| United States Brent Oil Fund LP | -0.25 | -0.05 | — | 65 | Oil & Gas | NUGO vs BNO | |
| Invesco DB Oil Fund | -0.22 | -0.03 | — | 65 | Oil & Gas | NUGO vs DBO | |
| Strive U.S. Energy ETF | -0.20 | -0.00 | — | 55 | Energy Equities | NUGO vs DRLL |
See all 1167 diversifiers for NUGO
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