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
181 ETFs have low correlation with NUGY (below 0.3), 15 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.20, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.20 | -0.20 | -0.20 | 50 | Oil & Gas | NUGY vs DBO | |
| Strive U.S. Energy ETF | -0.15 | -0.15 | -0.15 | 53 | Energy Equities | NUGY vs DRLL | |
| Alpha Architect Tail Risk ETF | -0.12 | -0.12 | -0.12 | 55 | Options Trading | NUGY vs CAOS | |
| Alerian MLP ETF | -0.12 | -0.12 | -0.12 | 57 | MLPs | NUGY vs AMLP | |
| Bastion Energy ETF | -0.11 | -0.11 | -0.11 | 86 | Energy Equities | NUGY vs BESF |
See all 1027 diversifiers for NUGY
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NUGY
Add NUGY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NUGY