Looking to diversify beyond NUGT? The ETFs below have the lowest correlation with NUGT — 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 NUGT.
Best Diversifiers for NUGT
379 ETFs have low correlation with NUGT (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.26 | -0.32 | 63 | Leveraged Currency | NUGT vs YCS | |
| United States Gasoline Fund LP | -0.18 | 0.00 | 0.09 | 55 | Oil & Gas | NUGT vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | NUGT vs IBIC | |
| TCW AAA CLO ETF | -0.11 | — | — | 99 | CLO | NUGT vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | — | — | 99 | Ultrashort Bond | NUGT vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NUGT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NUGT and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.12, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.12 | 0.12 | 0.14 | 65 | Technology | |
| AppLovin Corporation | 0.15 | 0.15 | 0.16 | 60 | Communication Services | |
| Comfort Systems USA, Inc. | 0.36 | 0.25 | 0.24 | 98 | Industrials | |
| First Majestic Silver Corp. | 0.84 | 0.79 | 0.81 | 77 | Basic Materials |
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