Looking to diversify beyond NUGT? The ETFs below have historically moved differently from NUGT, 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 NUGT
457 ETFs have low correlation with NUGT (below 0.3), 52 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | — | — | 63 | Derivative Income | NUGT vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.02 | 0.09 | 53 | Oil & Gas | NUGT vs DBE | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | NUGT vs RBIL | |
| United States Gasoline Fund, LP | -0.20 | -0.01 | 0.08 | 74 | Oil & Gas | NUGT vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | NUGT vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NUGT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.13, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.13 | 0.13 | 0.15 | 83 | Technology | |
| Celestica Inc. | 0.36 | 0.21 | 0.23 | 77 | Technology | |
| Comfort Systems USA, Inc. | 0.40 | 0.24 | 0.24 | 95 | Industrials | |
| First Majestic Silver Corp. | 0.86 | 0.80 | 0.82 | 77 | Basic Materials |
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