Looking to diversify beyond NUGY? The ETFs below have the lowest correlation with NUGY — 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 NUGY.
Best Diversifiers for NUGY
56 ETFs have low correlation with NUGY (below 0.3), 4 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.24, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.24 | -0.24 | -0.24 | 65 | Oil & Gas | NUGY vs BNO | |
| Invesco DB Oil Fund | -0.21 | -0.21 | -0.21 | 65 | Oil & Gas | NUGY vs DBO | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.16 | -0.16 | -0.16 | 51 | Energy Equities | NUGY vs IEO | |
| ProShares Ultra Oil & Gas | -0.08 | -0.08 | -0.08 | 68 | Leveraged Equities | NUGY vs DIG | |
| VistaShares Target 15™ Berkshire Select Income ETF | 0.08 | 0.08 | 0.08 | 54 | Derivative Income | NUGY vs OMAH |
See all 982 diversifiers for NUGY
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